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<br /> April 3, 2006 <br />Minutes <br />Town of Lexington Appropriation Committee <br />April 3, 2006 <br /> <br />Members Present: A. Levine (Chair), D. Brown (Vice Chair), R. Cole, J. Bartenstein, E. <br />Michelson, D. Kanter, R. Eurich, P. Hamburger, P. Hoffman <br /> <br />The meeting was called to order at 7:10 PM by Al Levine in Room 111, Town Office <br />Building. <br /> <br />1. Rod C. agreed to take minutes. <br /> <br />2. The question of supporting a stabilization override question was discussed. A concern <br />was raised regarding what would it mean if all the other override questions pass and the <br />stabilization fund question does not. Would that mean the citizens simply would rather <br />the town come back next year when the amount needed is more precisely known, or does <br />it mean they simply do not support overrides? <br /> <br />The concern was also raised that we cannot promise that if the stabilization override <br />passes, that we will be able to get through two years without coming back to the voters <br />for additional funds, or without cutting services. A further concern was raised that <br />perhaps the AC estimates for the future FY08 budget shortfall were too pessimistic. <br /> <br />3. Options for how to deal with the $265K freed up due to the use of CPA funds for items <br />in the budget. Another capital project could be funded, the town could use the money to <br />pay off debt, or the stabilization fund line item could be increased. <br /> <br />4. A motion was made to support holding reserves in FY08 to the June 30, 2006 level. <br />The motion was passed by a vote of 9-0. <br /> <br />5. The meeting was moved to the budget summit in the Selectmen’s Meeting Room at <br />7:55 p.m. The meeting reconvened in Room 111 at 9:30 pm. <br /> <br />6. By a vote of 9-0 it was agreed to delete the stabilization override question from the AC <br />report Appendix B. <br /> <br />7. The AC report was reviewed for small final changes. New votes were taken on Article <br />28 part c3 (8-0 in favor), Article 28 part c5 (8-0 in favor), Article 28 part i (9-0 in favor), <br />and Article 40 (8-0 in favor). <br /> <br />The meeting was adjourned at 11:25 pm <br /> <br />Respectfully submitted, <br /> <br />Rod Cole <br /> <br />Approved May 18, 2006 <br />