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1995-03-30-AC-MIN.pdf
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1995-03-30-AC-MIN.pdf
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1995
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Minutes - AC - Appropriation Committee
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* MOTION to cut $ 100,000 from the municipal requests. Provide the above list to the <br /> BOS and let them decide where the cuts will come from. APPROVED 6Y, 2N, 1A <br /> (voting against R Leone and M Miley). <br /> * MOTION to recommend that an additional $ 270,000 be appropriated from free cash in <br /> order to close the deficit. UNANIMOUS <br /> * MOTION to recommend appropriation and transfers as proposed to deal with fy 95 <br /> deficits. Reserve Fund allocation: Municipal $ 150,000 and Schools $ 100,000. <br /> Transfer under Article 5: Allocate $ 200,000 from free cash with the balance of their <br /> problem being addressed within the school fy 95 appropriation. 7Y, 1N, 1A <br /> ( R Leone voting against). <br /> * MOTION to recommend an override of $ 1,500,000.6Y, 2N, 1A ( R Leone and M Miley <br /> voting against). <br /> * MOTION that the Town have a free cash policy to retain 2.5% of the prior years <br /> operating revenues (General Fund). 5Y, 1N, 2A (R Leone voting against, M Miley and <br /> M Mairson absent). <br /> acmtmr30 <br />
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