1982-01-BOS-min - Laserfiche WebLink

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- 2 - ,, e Mr: Hutchinson recommended commitment of $1.2 million of a $3.1 million free cash to support the operating -udget . He explained the School budget of $18,1+1,354 provides for a $600, 099 increase for the Lexington Public Schools and $364,022 level funded budget for the Minuteman vocational School. The Lexington Public Schools budget was an increase of 3 1/2. He explained that, based upon statements by the State Administration, he had assured level funding for State and County assessments. Mr. Hutchinson explained that at the submission of his budget, a de- cision had not been reached by the Board of Assessors for a recommended tax rate for F '824P He stated that, consistent with the intent of Proposition 2 1/2, he was proposing implementation of a sewer use charge to support the Sani- tary Sewer System with the first billing in January 1981. He also recom- mended consideration of a proposed water rate increase. He explained that he was assuming a revenue of $10,000,000 by the Cherry Sheet, local funds and available funds. This included the new sewer use charge and allowed for a sustained loss of $1.2 million in ex- cise tax revenue because of Proposition 2 1/2. The Manager explained that the budget provided for a basic level of service. He stated that unless financial circumstances change, any in- creased appropriations would require additional cuts in other areas or ex- panded sources of revenue. He also stated that if the financial Situation changed in a favorable way, consideration should be-given to additional appropriations for road construction and other worthwhile projects to avoid long -tern costs. He stated that the proposed budget called for taxing at 2.21 of fair market value and requested the Board to ask for special legis- lation to allow taxing up to 2 1/21 of the property value. He also stated that he hoped the Board would continue efforts to support tax reform and cost containment for the State because this is necessary for the long term viability of the Commonwealth and its cities and towns. The Chairman thanked the Manager for this presentation and explana- tion of the F '83 budget. Executive Upon motion duly made and seconded, it was voted 5-0 by roll call Session vote, Mr. Busa, Mrs. Battin, Mrs, Kiley, Mr. Crain and Mr. Politi, to go into Executive Session for the purpose of discussing collective bargain- ing with no intention of resuming the open session: Upon motion duly made and seconded, it was voted to adjourn at 10:00 P . M. trine record, Attes t Executive Cleric t: