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APPROPRIATION COMMITTEE 2 " REPORT, April 21, 2007, TO 2007 ATM <br />Table of Contents <br />Summary of Warrant Article <br />Developments from the 2006 Annual Town Meeting Until Now ........................ ..............................4 <br />Reserves.................................................................................................................. ............................... 5 <br />FY2008 ................................................................................................................... ..............................7 <br />FY2009 and Beyond ............................................................................................. ............................... 8 <br />Updated Committee Positions or Information Since 1" Report .............................. ..............................9 <br />Warrant Article Analysis and Recommendations .................................................. <br />.............................10 <br />Article 21: Appropriate FY2008 Operating Budget ........................................... ............................... <br />10 <br />(a) Lexington Public Schools ........................................................................ ............................. <br />10 <br />(b) Minuteman Regional High School ........................................................ ............................... <br />10 <br />(c) Shared Expenses ..................................................................................... ............................... <br />12 <br />(d) Municipal ................................................................................................ ............................... <br />14 <br />Article 37: Appropriate for Post Employment Benefits .................................... ............................... <br />14 <br />Article 38: Rescind Prior Borrowing Authorizations ......................................... ............................... <br />15 <br />Article 39: Establish and Appropriate to Specified Stabilization Funds .......... ............................... <br />16 <br />Article 40: Appropriate to Stabilization Fund .................................................... ............................... <br />17 <br />Article 41: Appropriate for Prior Years' Unpaid Bills ...................................... ............................... <br />17 <br />Article 43: Appropriate for Authorized Capital Improvements ........................ ............................... <br />18 <br />Article 44: Use of Funds to Reduce the Tax Rate .............................................. ............................... <br />19 <br />Appendix A: Estimated Impact of a Possible Override and Other Factors on Single - Family -Home <br />Taxesfor FY2008 .............................................................................................. ............................... <br />Appendix B: Financial Forecasts for FY2009— FY2011 ................................... ............................... <br />TableB -1: Budget Drivers ..................................................................................... .............................23 <br />Table B -2: Projection Summary ............................................................................ .............................23 <br />Figure B -1: Annual Budget Exclusive of Exempt Debt ...................................... .............................23 <br />Table B -3: 3 -Year Budget Projections from the Appropriation Committee .... ............................... 24 <br />Page 3 of 24 <br />