1983-03-07 to 1983-05-16-ATM-min

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w 24 6 (Adjo urned Session of the 1983 Annual Town Meet - May 9, 1983.) (See Pgs. 248 -252 for motion adopted under Art.. 20, Article 20. B oard of Retirement with the exception of line item #6050, for which see - (Cont.) Pages 241, 247, 273 and 274) #7800 Contributory Pension Fund 1,181,172 8:25 P.M. Margaret N. Brooke questioned the fact that the CMARC budget was not listed under. Item 47430, Community Services. Robert M. Hutchinson, Jr., Town Manager, answered that it was not in the Human Services Budget as it does not have the same status as Mystic Valley Mental Health or Replace at this time. This could change. 8:26 P.M. 7810 Pension Funding 300,000 8:26 P.M. Comptroller Richard M. Perry gave an explanation of the Unfunded Pension Funding. He stated that Lexington is one of thirteen cities or towns that are funding their pension systems. The town now has $1,000,000 in the fund with over $250,000 in earned interest. 8:33 P.M. 7825 Mon- Contributory Pension Fund 190,000 7850 Expenses 6,050 8:33 P.M. Public Schools 7920 Public School- Education 18,234,039 (Of which $11,950.00 is for out of state travel.) To which the sum of $230,791 in available and anticipated P.L. 874 and other Federal and State Funds, and $28,000 in available and anticipated athletic receipts is to be applied and the balance of $17,975,248 is to be raised in the tax levy. 8:34 P.M. Shepard Anthony Clough, Chairman of the School Committee, gave a short explanation of the bud.get.and then asked that J. Geoffrey Pierson, Superintendent of Schools, be recognized. 8:36 P.M. Mr. Pierson showed slides to assist him in his explanation. He discussed the 1983 -84 Budget Premises. He _stated that they are maintaining existing staffing ratios. Slides were shown on the Major Increases, Major Decreases, 1976 -83 Enrollment comparisons and the total budget increases from 1972/73 to 1983/84. 8:40 P.M. William J. Dailey, Jr., Chairman of the Appropriation, informed the meeting that although it is shown that 52.8% is the school share of the tax dollar that 59.10 is the actual share due to costs that are incorporated in the town budget, such as Blue Cross and Insurance, Workmen's Compensation etc. The increase in the school budget is the largest in six years (Ya), and the meeting should do some thinking during the coming year regarding any increases for next year. 8:47 P.M. Mr. Clough, with the aid of slides, showed teachers salaries compared to comparable communities and he added that the School Committee has worked hard to maintain the line. 8:52 P.M. 8100 Regional Vocational Technical High School Assessment 373,906 8:52 P.M. 8500 Interest on Debt 104,803 8:52 P.M. 8525 Tax and Bond Anticipation Loans 223,750 8:58 P.M.