1990-12-BOS-min - Laserfiche WebLink

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F - 4 - Regarding any revenue to be expected from passage of the Jet r ►.gel Bill, Mr. Eddi son reported that because the bill has not been completely passed by the Legislature, nothing has been received as yet by Lexington. Representative Doran is now making effort to expedite its enactment. In discussion of the level of Free cash, Mr. White reported that after the expected approval by Town Meeting of paging unpaid bills of the School Department, there will be a balance of $2,878,059. He advised that only $2.4 million be spent, to leave a balance of $478,000 as an emergency fund. Mr. White went on to list new sources of revenue he had identified such as quarterly, rather than semi- annual water and Newer bills and keeping departmental budget increases at about 3%, rather than from 3 to 4%. John Ryan, Comptroller, said that he felt the Manager's picture of the financial situation to be about as optimistic as it can be painted in view of the bleak financial situation the State is going through. It was agreed that a joint meeting with the School Committee be scheduled for discussion of fiscal problems prior to any action on budgets. Mrs. Smith stated that both Town and School departments need to keep the Manager's revenue projections in mind when deciding on budget matters. STREET LIGHTING Mr. white noted recent increases in energy costs and the probability that FY93 electricity charges would increase by about $50,000. He reported on his exploration of potential savings if all incandescent street lights in the Town were to be replaced %pith high pressure sodium lamps, ilv-hich was estimated to be approximately $67 to $73,000. He advised early participation of the Lighting [options Committee in the decision process on the proposal. Richard Spiers, Director of D.P.W., and Peter Chalpin, Assistant Town Engineer, were present for the discussion. Mr. Spie rs reported that the Boston Edison Company has offered to implement the changeover at no cost to the Town. In response to Mr. Eddison's question, 'fir. Chalpin said that the street lights in Lexington Center could be left as they are without any significant decrease in savings. It was agreed that input from the Lighting Committee was needed and that a start with the process immediately after the holidays should be planned. ORDERS OF TAKING STREET ACCE PTANCES. Iwo Upon motion duly made and seconded, it was voted to sign Orders of Taking for the nine streets accepted at the 1990 Annu < --wl Town Meeting: Phi 1 b rook Terrace, 651' ± , from Grassland Street southerly to the end. Solomon Pierce Road, 5404' +1 f roe Map a St rest to Wobu rn St rest.