1988-11-BOS-min - Laserfiche WebLink

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-4- SCHUMACHER TRUST FUND Mr. Cohen brouaht to the Board's attention the donation y to es . onation by the Schumacher family tahl i s h the Mary and August Schumacher Trust Fund which will provide for scholarships. 'fir. Cohen su ggested ggestea that a ' letter of thanks be sent to the donors by the Board. ,r. Marshall Joined the meetina at that time. SENATOR KRAUS Senator Kraus began his remarks by suggestirn rocedures t ht face 1 i tote � R to _he Board which might passage of Home Rule Petitions in the future. He noted that three Lexington petitions h the Legislature g p ad not made � t through and poi nted out the importance of sending his office copies of any such bill earl i n the g e y process. He also advised that his name appear as co - sponsor or hills to ensure that he would be notified of hearings and when the bill s would come before the House. The Senator reported that he had been working early fu ll-time ' t - 9 w u1 ' time � n late summe and the fall on the expansion of local revenue sources. HP was not optimistic that the local aid process would work well and saw little chance th1 s year that Lexington's sharp would be increased. He felt that the Legislators will want more time than was as taken last year to look at finance before making determinations on local aid, Through expansion of the local revenue base the Senator would hope to See property taxes lowered by greater reliance on othe to see inclusion of income r evenue and e tax revenue for cities and towns. He would also hope to establish a revenue base which can row 7% each ear. 0 at a rate of 6% to y Mr. White asked the Senator his views on the Governor's . o s intent to access $ million in Lottery Funds to balance the S to buc!get when the communities had cons idered that mone�� as local aid. Senator ` exp that f v Kraus said that he ex P future lottery funds will go to the towns as before and that the governor's action was in response to an unu sual . p usua situation Senator Straus said that he fully expects developments . ments on h Bank tax this year which p the Land . would emerge as part of the package to address local governments' needs, Mrs. Smith outlined the basis of efforts to obtain state funding for the Clinton !haste � water Plant ant to avo pl acs ng the burden of costs on MWRA ratepayers now that the facility is under the aea i f M ± s n �� R.A , Lexington supports this procedure. Senator Kraus wilf explore t pl . re �he issue before deci on his position. There was brief discussion of H5550, a bill relative to 1 f i n anci ng of water infrastructure projects which would involve $2 hi 1 or, for loans to communities. The Board asked the Senator to stay sensitive the issue, y ens t� ve to School Supt. Geiger ar.d members of the School Committee and Finance Committees were present, Supt. Geiger referred to the financial burdens relative t mandates for special o State e if p education and costs for transporting and asked the Senator i f any financial aid could be expected for spec P P P c� a1 r _eds programs. Senator Kraus foresaw little change p o s s i b l e under the cu rrent law. Mr, Marsha noted the need for legislation to change maxim feasible criteria and urged the join y um g effort of the Selectmen, School Committee and MMA to promote such legislation.