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APPROPRIATION COMMITTEE REPORT, NOVEMBER 17, 2008 STM <br />Appendix A: Revenue and Expense Changes <br />The table below, prepared by the Finance Department and Town Manager and staff, gives an overview of <br />changes on both the revenue and expense sides of the current year (fiscal year 2009) budget. Changes <br />which affect only the enterprise funds or the Community Preservation Act Trust Fund are not included. <br />Changes in revenue are summarized in the top half of the table. The second column gives the figures that <br />were used to set the budget at the 2008 Annual Town Meeting (ATM). State aid is projected to increase as <br />seen in the second line; that increase is somewhat smaller than anticipated before the recent round of <br />budget cuts by the State. The estimate of local receipts has been reduced in response to the recent <br />downturn of the economy. <br />Expense changes which affect the General Fund are summarized in the bottom half of the table. These will <br />be authorized through action of the Assessors (snow and ice deficit) and Town Meeting (Articles 3, 8). <br />Tables are located on the next page. <br />Page 12 of 15 <br />