1990-12-BOS-min - Laserfiche WebLink

Browse Search

Other sources of revenue such as local receipts, fines and all other fees are expected to be lower by almost one half million dollars, Use of available funds - Free Cash will be reduced. to $4,745,000 and Real Estate levy generated by new construction is also expected to be down. It is estimated that net revenues will amount to $56,385,387, or a decrease from the June projection of $1,071,552. Mr. White spoke of his commitment to present a balanced budget to the Selectmen and saw a significant limit on capital improvements in order to fulfill this commitment without any substantial new revenue sources. Dr. Geiger said that among the areas of cutbacks to be dealt c�ith by the School Commi ttee, is a major reduction in personnel to be implemented w ithout affecting programs. He asked the Manager for an indication as to whether a 3 ±o 3 1/2% school budget increase would be considered acceptable. Mr. white responded that he will be proposing reductions in the municipal budget, which the Selectmen may or may not approve. lie stressed the importance that all be aware of the drop in re�.-enue and proceed accordingly, adding that the is now using 3% as the school department increase. Both Mr. white and Mr. Marshall said that they saw no immediate prospects for improvement in the financial situation. Copies of the Town By- -laws and the Town Manager /Selectmen .:�c t were distributed to members of the School Committee and Mrs. Smith again thanked them for their cooperation and their attendance at the meeting. REGIONAL POSTAL F.-�CILITY Richard Canale, President of the South Le.�, Civic Association, was present to update the Board on efforts to prevent the U.S. Postal Service from locating the '!Northeast Postal Facility on Smith Street. Mrs. Smith thanked Mr. Canale for the association's work in communicating the concerns of the Town relative to the proposal. Mr. Canale reported that the Postal Service Board of CC, %re rnor s in Washington has now approved the Smith Street site for the r'ac it ity based on a previous finding that the construction would be of no significant impact to Waltham and Lexington. He requested some form of Town support for the City of Waltham in its legal act ion against the Postal Serer ice , which it is hoped, would force consideration of other sites for the facility. Waltham has initially appropriated $10,000 for the purpose. Mr Canale recapped events of a recent meeting of officials of Lexington, Waltham, Cambridge and Weston for discussion of the Postal Service proposal. The consensus was that the Smith Street site is not adequate to support the facility proposed and it had been decided that legal avenues to block its construction shoul{' be explored.