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October 6, 2010 <br />Summit I —October 6, 2010 <br />FY2012 -2014 Revenue and Expenditure Forecast <br />Mr. Addelson reviewed the 3 -year revenue and expenditure projections. The information <br />provided is a tool for planning the budget. The variablecost drivers include: municipal wages, <br />school wages and new debt service. <br />Key Policy Issues Related to FY2012 Budget <br />The key policy issues related to the FY2012 budget are: Use of stabilization fund reserves to <br />offset State Aid Reductions; Potentialfor debt exclusion question for Bridge and Bowman <br />schools and roads; ability to continue to fund general fund capital at $3 to $4 million annually; <br />and impact of federal health care reform on employee health insurance plans. <br />Establish Date for Summit Meeting 2 <br />At the next summit there will be a presentation of revenue projections for FY2012 and the <br />proposed split. The suggested date for Summit Meeting 2 is November 18. <br />Documents Presented <br />1. Letter Regarding Air Samples Collected on September 27, 2010 at Estabrook School. <br />2. Estabrook Environmental Concern Cost Estimate Summary dated 10/6/10. <br />3. PCB Presentation prepared by EH &E. <br />4. Draft Estabrook Health Hazards Task Force Charge. <br />5. Financial Summit I —Indicator Analysis for Fiscal Year 2000 -2010, Projections & <br />Estimates for Fiscal Year 2012 -2013, dated October 6, 2010. <br />Upon motion duly made and seconded, it was voted to adjourn at 9:30 p.m. <br />A true record; Attest: <br />Lynne A. Pease <br />Executive Clerk <br />-4- <br /> <br />