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2005-03-15-AC-min
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2005-03-15-AC-min
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3/2/2022 3:25:58 PM
Creation date
3/9/2009 3:57:34 PM
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Year
2005
Department
Town Clerk
Keywords or Subject
Minutes - AC - Appropriation Committee
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<br /> March 15, 2005 <br />Minutes <br />Town of Lexington Appropriation Committee <br />March 15, 2005 <br /> <br />Members present: J. Bartenstein, D. Brown (Vice Chair), R. Eurich, P. Hamburger, A. <br />Levine (Chair), E. Michelson, R. Pawliczek <br /> <br />Also present: Michael Young, Budget Officer <br /> <br />The meeting was called to order at 8:23 by Al Levine in Cary Hall Legion Room. <br />PM <br /> <br />Material Distributed: <br /> <br />?? <br />Agenda <br /> <br />1. Minutes <br />: E. Michelson agreed to take the minutes of this meeting. <br /> <br />2. Old Minutes <br />: P. Hamburger will make corrections to 3/4/05 minutes as discussed. <br /> <br />3. Report on Selectmen’s Meeting <br />: The Selectmen have decided to use newly <br />calculated $299K of unanticipated new growth to fund an additional $91K of school <br />costs, $31K of Minuteman Regional costs, and place the balance into the <br />Stabilization Fund. They also voted to support the following parts of the warrant <br />article to implement the Community Preservation Act: the 3% tax surcharge level, <br />the exclusion of the first $100k of property value, and the low-income exemption. <br />They have not taken a position on the exclusion of commercial property. <br /> <br />4. Preparing for BCG Meeting <br />: M. Young presented the latest changes to budgets: <br /> <br />FY05 New Growth (uncertified) $1,692,120 <br /> <br />FY2006 $ 292,120 unanticipated growth FY05 <br /> 7,303 add 2.5% <br /> 299,423 unused New Growth <br /> - 91,563 for schools <br /> - 31,339 for Minuteman Regional <br /> 176,521 additional contribution to Stabilization Fund <br /> <br /> FY2005 $1,000,000 budgeted New Growth <br /> <br /> 692,120 anticipated additional new growth <br /> 108,725 additional State Aid received <br /> 800,725 additional revenue <br /> - 181,946 Snow & Ice deficit FY04 <br /> 618,779 surplus – <br /> <br /> - 1 - <br /> <br />
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