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9/12/2016 AC Minutes There was discussion about the potential need for an operating overrideat some point in the future. Although 2019 had, at one point, been identified as a year when this might be needed, it was noted that there are many variables that influence the operating budget, and it was premature to make any definitive assumptions. 3.Articles for Special Town Meeting (STM) 2016-5 Votes were taken on the articles,as follows: Article 2: Land Purchase –171-173 Bedford St: A motion was made and seconded to recommend approval of Article 2. The motion passed. VOTE: 7-0 Article 4: Supplemental Appropriation for School Facilities Capital Projects: A motion was made and seconded to recommend approval ofArticle 4. The motion passed. VOTE: 7-0 Article 5: Appropriate Funds for Police Station Feasibility Study: A motion was made and seconded to recommend approval of Article 5. The motion passed. VOTE: 7-0 Article 6: Amend FY2017 Operating, Enterprise Fund and CPA Budgets: A motion was made and seconded to recommend approval ofArticle 6. The motion passed. VOTE: 7-0 Article 7: Establishand Appropriate To and From SpecifiedStabilization Funds: In response to questions, Mr. Addelson noted that revised new growth estimatesindicate that the Town will have $200,000 more in revenue in FY2017 than budgeted. If additional new growth is recognized after the Special Town Meeting, the additional funds can be used to reduce the tax rate or allowed to flow to free cash. If allowed to flow to free cash, those funds won’t be available for appropriation until the fall of 2017 when the books for FY2016 are closed and verified by the State.A motion was made and seconded to recommend approval of Article 7. The motion passed. VOTE: 7-0 There was a review of minor edits being recommended for this committee’s report to the STM2016-5. Mr. Addelson added his comments. A motion was made and seconded to approve the report, subject to editorial changes to be made by Mr. Parker.The motion passed. VOTE: 7-0 4.Adjourn The Committee adjournedat 8:21p.m. The documentsused at the meeting arelistedbelow. Respectfully submitted, Sara Arnold,Recording Secretary ApprovedSeptember 21, 2016 Exhibits Agenda,posted by Glenn Parker, Chair 2