1986-01-BOS-min - Laserfiche WebLink

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SELECTMEN'S MEETING Januar y 15 , 1988 A regular meeting - - 6f the Board of Selectmen was held on Wednesday, January 15, 1988, in the Selectmen's Meeting Room, Town Office Building, at 7:30 p.m. Chairman Marshall, Mrs. Battin, Mr. McLaughlin, Mr. Eddison, Mr. Dailey; Ms. Adler, Acting Town Manager; 'r. Cohen, Town Counsel; Mrs. Snow, Executive Clerk, were present. APPOINTMENT - HUMAN SERVICES COMMITTEE Upon motion duly made and seconded, it was voted to appoint Robert M. Cushman, 19 Smith Avenue, to the Human Services Committee to fill the unexpired term of Chang Chih Chao to September 30, 1988. VOTE OF INTENT TO LAY CUT STREETS Upon motion duly made and seconded, it was voted to sign the intent to lay out as Town Ways: Tavern Lane; Maple Tree Lane; Jean Roads and Pearl Street, as approved on December 30, 19859 FY 8 7 BUDGET OVERVIEW Members of the Capital Expenditures Committee,. Appropriation Committee and School Committee were in attendance for presentation by the Town Manager of the proposed FY87 Budget, Mr. Hutchinson reviewed highlights of his - budget message to the Board of Selectmen. He noted that the budget plan is based on $45,097,015., including state charges and an approximate 4.4% increase over the FY88 spending plan. He estimated the tax rate to support this budget to be $21.39 for residential and $31.37 for commercial rate, representing a 3.4% increase respectively; Also reviewed were budget goals and assumptions; spending highlights and Other operating variables; environmental items; schools; debt; and capital. In his budget overview, the - Manager reported that the proposed budget of $45,497,015. is supported by $32.5 million in property taxes and $13.6 in non - property tax revenue. He had assumed a levy limit growth of approximately $1.5 million based upon 3 113% of the current levy plus $744,444 from $34 million anticipated new construction. Also shown was the impact of a full year of revenue and a projected 34% increase in MWRA charges for water and sewer. It was pointed out that the Town is anticipating no funds under General Sharing because of Federal cutbacks. A brief summary of requests submitted and the Manager recommendations on the requests was given, which resulted in $3.5 million as the net amount to be raised by taxes. The budget proposed a total spending of $45,497,415 or $1,917,451 (4.4 %) increase over FY86 budget and assumes raising the tax levy the $33,478,734, an increase of 4 %. Total appropriations for Town and School, including VoTech, would be $44,585,189, an increase of 3.94 %.