1962-10-22-AC-MIN.pdf - Laserfiche WebLink

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393 The Appropriation Committee met Monday evening October 22, 1962 at 7:30 P. M. in the office of the Town Accountant. Present: Logan Clarke Jr. Chairman J. Harper Blaisdell,Vice Chairman John R. Bevan Robert H. Kingston Maurice F. Shaughnessy Richard H. Battin Raymond L. White,Sec. C. Roland Christensen A general discussion was held on the new High School and the validity of the tax rate. In the Capital Expenditures report on page 7 in 1963 and 1964 years the Capital Expenditures Committee do not recommend any bonding. Richard Battin and Roland- Christensen recommend bonding all on the rt school construction. Donald Noyes, Chairman of the Capital Expenditures Committee said that their Committee are recommending a down payment on the new High School. At $:40 P. M. Donald Noyes, Chairman and three other members of the Capital Expenditures Committee joined the meeting. Capital Expenditures Committee raised The Ztanc II4g-`3Glleel-141,ti1c 24g ape-aaki.Rg $3,600,000 for the orignal buila'ing and alterations, $300,000 cash payment and bond the balance of $3,300,000. An alternate plan is to bond $3,450,000 and a cash payment of $150,000 and a $150,000 outlay each year. The original Schedule of the Capital Expenditures Committee remains unchanged. Donald Noyes, Chairman stated that he had received all budgets in on the capital expenditures. Mr. Lincoln P. Cole Jr. , member of the Board of Selectmen, entered the meeting at $:40 P. M. to speak about the Police Department Personal Service budget and a request for a transfer from the Reserve Fund of $400.00 to provide uniforms for the Policewomen. A vote was taken, four members were against and one member for, so vote was not carried. However, this Committee will be glad to reconsider later this year if then their funds are insufficient. The next item Lincoln Cole spoke on was the request of James J. Carroll, Town Clerk and Treasurer, for $1,050.00 from the Reserve Fund. No direct action was taken, however the Chairman Logan Clarke, Jr. said he would see James Carroll in regards to his request. 14144/4a14 N. , E & 4 ii�c a Gc r t� ea at t -64e 2 Geiiini ee was 44.14.4e4 ec 4344r444 4akci. -14a5Rweat, aqii4 0541.004 14-4-tea-st b4r1.1.ae• i-o-r4 c . Their policy previous to re-valuation was 2% of the tax rate for capital expenditures. Since re-valuation it is 1% of the tax rate. Donald Noyes stated that John J. Carroll, Supt. of Public Works, has one major trunk line in the budget each year Robert M. Gary of the Capital Expenditures Committee stated that their Committee was divided $300,000 raised by tax levy; or $150,000 from tax levy and 4150,000 from stabilization fund.