1962-10-16-AC-MIN.pdf - Laserfiche WebLink

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Letter from rioard of Selectmen requesting the Appropriation Committee to transfer the sum of .;; 1 ,050. 00 from the Reserve Fund to Town Clerk and Treasurer, Personal Services account. After further discussion the request was denied pending further information. The Chairman and three members of the Capital Expenditures Committee entered our meeting at 8: 15 P. They requested this :fleeting. The Chairman stated that to date only two budgets have been received. Proposals on 1963 Capital r'xpenditures, this Committee will pass copy of pro;uosals on to us as soon as they receive them. Also the Capital Expenditures Committee would like to see the Warrant before they write their report. Also all expense budgets should be available to them. It was the opinion of both Committees that the Warrant should be closed at least by January 15th, 1963. Also the assessed valuation figure should be the same in both reports. Also we should be able to have the exact valuation figure as of January 1 , 1963. John Blaisdell stated that the Assessors now have cards with the necessary informa- tion on real property. The assessed valuation is ,;171 ,500,000. The policy of the Capital Expenditures over the last several years is to anticipate the expenditures each year . Capital expenditures to be about 1` or ;:10. 00 of the tax rate for capital expenditures. Problem on High School addition, look at page 16 of the 1962 Annual Report of the Capital rxpe-iditures Committee paragraph two "although we have not received adequate information to make a recommendation on this proposal , we are carrying it in this report at a budgeted figure of ' 211_0,000 for the year 1963. " This is Emerson Road estimated figure Stabilization Fund 1963 160,000. :400,000. It is suggested that this .4_00,000. to be used as a down payment on the High School addition. Chairman Logan Clarke, Jr . entered this meeting at 8:35 P. _1. In regards to the Stabilization Fund the State will match anything the Town puts up. The present Town Debt is no small problem. The Capital Expenditures Committee wants the High School addition. The personal service budget of the School Department goes up approximately ll ,: a year. Also the Capital Expenditures Committee states that the cost per pupil has doubled in six years. An item under discussion was how to handle the cost cf school con- struction. Some members of both Committees favor the bonding of High School Addition costs, others want to pay part in cash, ,400,000.