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02/09/2023 AC Minutes 8 Municipal Capital Budget Mr. Michelson asked if the Town was on schedule for completion of the Police Station. Mr. Cronin said he was knocking on wood, but the Town was on schedule for opening in spring 2024. It’s been a productive winter for construction work so far. Mr. Levine’s comments on the budgeting process To paraphrase Mr. Levine’s comments: The revenue allocation process begins with set-asides for shared expenses, some of which are mandated and others which are discretionary. Examples of the latter include contribu- tions to the OPEB and pension funds intended to reach full funding in advance of the legally mandated deadline in 2040. These discretionary items should be called out during the reve- nue allocation process, with the option to recommend some portion of those set-asides be directed to school and municipal budgets. Mr. Levine thanked Town staff for a fine job putting the FY2024 budget together. Mr. Malloy thanked Mr. Levine and agreed that it would be worth discussing further. Minutes of Prior Meetings No minutes were ready for approval. Adjourn The meeting was adjourned by roll call vote at 9:24 p.m. Respectfully submitted, Glenn P. Parker Approved: February 23, 2023 Exhibits ● Agenda, posted by Mr. Parker