2009-03-18-AC-min - Laserfiche WebLink

Browse Search

29: based on current information it will be IN (pending) 30: pending 31: pending (will be IN). This project w /drawn at request of Pat Goddard because falling price of oil meant it was no longer cost - effective. It will be substituted with project to relocate /add sprinkler heads at Clarke School (Brown Book, p. XI -II). This new project will be included in the Warrant for the May 6 STM. 43: 0- 8- 1(JB); Mike recommends against this article for many reasons. He will propose a different resolution under the healthcare line item in Article 4. Discussion about how to prepare the financial projections: If recession ends FY11, won't see increase in state aid until FY12. There's a one -year lag between state aid and the recession — either way. How do we decide on which growth numbers to use for healthcare expenses, state aid, etc? Alan proposes using numbers that are more optimistic than what Eric is hearing from town staff. AI's suggestion: look at Rob's projection from the fall and write a narrative with a sensitivity analysis on wages and other items. Mike disagrees — he feels we're the AC, we should be telling TM what we think is the financial future of the town. JB —The policy question for next year will be whether to use money from the stabilization fund or recommend an override. AL —The error caused by going over budget is greater than being under budget. When building a budget it's important to underestimate revenues and over estimate expenses. Can't do projections that way though. 11: a) pending, c) Pine Meadows — where should the funding come from — CPA or Recreation Enterprise Fund? 3 -6 Future meeting schedule: Tuesday, March 24: 8:00 PM, Final discussion on drafts Meeting Adjourned: 10:45 PM Respectfully submitted, Pam Hoffman Approved July 6, 2009