|
Town Manager
<br />study is provision for handicapped accessibility to
<br />public facilities.
<br />FINANCIAL PLANNING
<br />Debt Service. Financial planning continues to be an
<br />important activity as we anticipate asking town
<br />meeting for a major borrowing authorization for the
<br />building renovation program to he combined with
<br />financing for acquisition of the Chiesa and West
<br />Farm properties and the Pine Meadows golf course.
<br />The financing of these items will be a critical
<br />element for FY87. For the first time since the
<br />inception of Proposition 2 1/2 I have recommended to
<br />the selectmen that we consider exempting debt from
<br />the levy limitation. This will require a majority
<br />vote of those voting on a referendum question.
<br />Revenue. The town did accept new legislation that
<br />allows for a 4 percent hotel /motel tax to assist us
<br />with levy limit problems. It is anticipated that
<br />$250,000 of new revenue will be generated from this
<br />room tax.
<br />Free Cash. We had certified free cash of approxi-
<br />mately $3.5 million as of July 1, 1985 and antici-
<br />pate to have in excess of $2.0 million as of July 1,
<br />1986. This will provide some cushion to support our
<br />budget for FY87.
<br />PERSONNEL
<br />Contracts were concluded with the police, fire and
<br />public works department employees unions and a pay
<br />plan for our non -union employees was adopted. A
<br />general increase was granted slightly in excess of
<br />5 percent with union contracts reflecting a 4 per-
<br />cent increase July 1 and a 2 percent increase
<br />January 1. The fire department contract provides
<br />for a physical fitness component geared around
<br />flexibility exercises which should assist in
<br />limiting on- the -job injury and disability claims.
<br />Major changes in administrative leadership of the
<br />town will take place in 1986 based upon the retire-
<br />ments of Comptroller Richard M. Perry, with over 20
<br />AMOUNTS APPROPRIATED 1982 F. 1983 Y. 17i F. Y.
<br />--
<br />Personal Services $ 6,068,290 $ 6,488,839 $ 6,856,453
<br />Expenses `6,988,937 7,209,358 7,697,421
<br />Articles & Capital Improvements 991,137 961,170 1,531,195
<br />Total Town, $ 14,048,364 $ 14,659,367 $ 16,085,069'
<br />School Articles 0 0 0`'
<br />Public Schools 17,177,233 17,617,012 18,234,039
<br />Regional Vocational 364,022 321,691 373,906
<br />Total Education - $ 17,541,255 $ 17,938,703 $ 18,607,945
<br />TOTAL APPROPRIATIONS $ 31,589,619 $ 32,598,070 $ 34,693,014.
<br />Add. Mass. Water Resources Auto.
<br />State /County Assessr:ents and Offsets 3,468,947 3,215,246 3,135,764
<br />Assessors Overlay& Judgments 1,200,000 1,349,704 975,000
<br />GROSS AlMOUNT TO I31 ,.. RAISED BY AXIl $ 36,258,566 $ 37,163,020 $ 38,803,778
<br />Less: Estimated Receipts-Cherry Sheet 4,570,353 4,805,415 5,089,465
<br />Local ®pro 3,343,839 2,902,287 x,{305,299
<br />a
<br />Use of available Funds 503,675 2,386,2I5 x86,216
<br />$ 28,022,798
<br />14 Overview
<br />$21.65
<br />27,069,103
<br />+676,72.7
<br />276,968
<br />22,798
<br />
|