2022-11-01-AC-STM#3-rpt - Laserfiche WebLink

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2022-3 STM APPROPRIATION COXMTTEE 25 OCTOBER 2022 Article 6 Appropriate for Authorized Capital Improvements Funds Requested Funding Source Committee Recommendation None N/A 1P As of publication, there are no requests for supplemental appropriations for previously approved capital projects. No action is required under this article. Article 7 Appropriate to Post Employment Insurance Liability Fund Funds Requested Funding Source Committee Recommendation None N/A IP This article was included in the warrant to provide an opportunity to appropriate a portion of the unbudgeted revenue from new growth in the tax levy into the Post-Employment Insurance Liability Fund that is being built up to cover the Town's future obligations towards the health care costs of Town retirees. However,the demands on the unbudgeted revenue for other uses, including augmentation of the Capital Stabilization Fund, replenishment of the Reserve Fund, work on sidewalks on side streets in Lexington Center, and a contribution to the Retirement Fund (pensions) as well as several others will likely exceed the total amount available. Therefore, we anticipate that no action will be requested under this article. Article 8 Appropriate For 250th Anniversary of The Battle of Lexington Celebration Funds Requested Funding Source Committee Recommendation $75,000 Tax Levy Approve (8-0) This article requests $75,000 to fund early preparations for the Town's celebration of the 250th anniversary (Semiquincentennial) of the Battle of Lexington, which took place on April 19, 1775. Commemorative events are planned town-wide from the fall of 2024 through the summer of 2026, with the main events to be held on Patriots' Day weekend,April 18-21, 2025. Additional events are being planned in communities and states across the country in 2026 to celebrate the 250th anniversary of the signing of the Declaration of Independence. The Lexington Semiquincentennial Commission (Lex250) was formed by the Select Board in 2020 to plan and coordinate town-wide activities for Lexington's celebration of the Battle of Lexington and other historical events related to the founding of our country. The Commission has already begun its preliminary work, including gathering input at public meetings and coordinating with the National Park Service,the State and other towns. 7