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<br /> <br />Water and Sewer. <br />John Bartenstein reported that there have been two presentations to <br />the Board of Selectmen relating to water and sewer rates. There will be a rate hearing on <br />October 6. It was reported that there are retained earnings of $2.5 million in both the <br />Water Enterprise Fund and the Sewer Enterprise Fund. MWRA costs have gone up and a <br />10% increase in water rates is proposed. However, no change is proposed in sewer rates. <br />The calculations are based on an estimate of consumption which is conservative. We <br />need a policy on what level of reserves in the funds is appropriate. <br /> <br />Ballot Question 1. <br />A discussion regarding ballot question 1 – the elimination of the state <br />income tax ensued and we expect that our committee will be asked to take a position on <br />this binding ballot question. A motion that the Committee vote to oppose state ballot <br /> <br />question #1 was made and unanimously accepted. <br /> <br />The meeting was adjourned at 10:20 PM. <br /> <br />Respectfully submitted, <br /> <br />Susan McLeish <br /> <br /> <br />Approved October 14, 2009 <br /> 2 <br /> <br />