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ANNUAL TOWN MEETING - APRIL 5, 1982 1 <br /> The meeting was called to order by the Moderator, Lincoln P. Cole, Jr., at <br /> 8:10 P.M. in Cary Memorial Hall. <br /> There were 187 Town Meeting Members present. <br /> Invocation was offered by Reverend David C. Myers, Pastor of the Lexington <br /> United Methodist Church. 8:11 P.M. <br /> The Town Clerk, Mary R. McDonough, read the warrant for the meeting until <br /> further reading was waived by the meeting. 8:13 P.M. <br /> The Constable's Return of the warrant was read by the Town Clerk. 8:13 P.M. <br /> Article 2. Alfred S. Busa, Chairman of the Board of Selectmen, moved that the <br /> Town Manager's Status Report On Open Money Articles be accepted <br /> and placed on file. <br /> Adopted unanimously. 8:14 P.M. <br /> The Moderator stated that Article 2 would remain open throughout <br /> the entire meeting and that reports could be filed at any time. <br /> 8:15 P.M. <br /> At Mr. Busa's request, Robert M. Hutchinson, Jr., Town Manager, <br /> was recognized and he gave a brief review of the municipal budget. <br /> Using slides as a visual aid, Mr. Hutchinson explained that the <br /> total budget for FY83 was $32,598,550. - town budget amount <br /> $14,659,847 and school budget amount $17,938,703. These amounts <br /> reflect the approximate 33% increase in health insurance costs. <br /> He added that the net amount to be raised in FY83 is $26,977,887 <br /> compared to $25,840,669 for last year. <br /> 8:22 P.M. <br /> Nyles Nathan Barnert, Chairman of the Capital Expenditures <br /> Committee, moved that the report of the Capital Expenditures <br /> Committee be accepted and placed on file. <br /> Adopted unanimously. 8:25 P.M. <br /> William J. Dailey, Jr., Chairman of the Appropriation Committee, <br /> moved that the report of the Appropriation Committee be accepted <br /> and placed on file. <br /> Adopted unanimously. 8:27 P.M. <br /> Article 3. SUPPLEMENTARY APPROPRIATIONS <br /> FOR CURRENT FISCAL YEAR (FY 82) <br /> Presented by Alfred S. Busa. <br /> MOTION: ThaL the sum of $160,000 be appropriated for the following <br /> line items, to be used in conjunction with money appropriated under <br /> Article 39 of the Warrant for the 1981 Annual Town Meeting, and that <br /> to raise such amount $160,000 be transferred from the Reserve Fund - <br /> Overlay Surplus Account. <br />