1986-03-03 to 1986-05-12-ATM-min

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5 (Annual Teton Meeting March 31, 1986) Article 4. Cary Memorial Library (Cont.) #7500 Personal Services 642,701 7550 Expenses 1993075 (Of which $2,441.34 is to be transferred from the County Dog License Fees. $14,739 in Regular State Aid and $8,544 in Supplemental State Aid to Public Libraries is also available for use by the Trustees of the Library.) 9:30 P.M. Board of Retirement 7800 Contributory Pension Fund 1,600,000 In addition, $200,000 of excess investment income in the Retirement Fund is also approved for use by the Board of Retirement. 7810 Pension Funding 300,000 (Of which $300,000 is to be transferred from the Reserve Fund- Overlay'Surplus.) 9:36 P.M. Sam Silverman moved that line item 7810 have the following added: (Resolution) be it resolved that the town meeting instructs the town's Lost) representative and senator in the State Legislature to make every effort to see that a reasonable portion of any surplus in the state revenues be utilized to reduce the unfunded pension liabilities of the towns and cities in The Commonwealth. 9:37 P.M. After Mr. Silverman gave a short explanation, John C. Eddison said that the Selectmen unanimously felt that this amendment has merit but they are reluctant to support it. 9:45 P.M. Mr. Silverman's motion to amend declared lost by voice vote. 9:45 P.M. 7825 Non - Contributory Pension Fund 221 7850 Expenses 4 9:48 P.M. Public Schools 7920 Public School - Education 20 (Of which $11,950.00 is for out of state travel.) To which the sum of $276,150 in available and antici- pated P.L. 874 and other Federal and State Funds, and $20,000 in available and anticipated athletic receipts is to be applied and the balance of $20,564,525 is to be raised in the tax levy. 9:49 P.M. Shepard Anthony Clough, Chairman of the School Committee, said that the school budget was a major effort by the Committee with an increase of 4.2 %. He asked that Geoffrey Pierson, Superin- tendent of Schools be recognized. Dr. Pierson, with the aid of slides, summarized the school budget. 10 P.M. After voicing the concerns of the Capital Expenditures Committee relative to the closing of Maria Hastings School, Richard A. (Amendment Michelson moved to refer the School Budget, line item #7920, back Lost) to Committee to be further studied and to be considered after the vote on Article #35. 10:08 P.M. Mr. Clough, speaking for the School Committee, and John C. Eddison, speaking for the Board of Selectmen, urged defeat of the amendment offered by Mr. Michelson. 10:18 P.M.