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�S enORki TOWN OF LEXINGTON <br /> "-,3' Massachusetts <br /> o•V Imi <br /> -t / <br /> \•\ APRIL 19'" <br /> Appropriation Committee <br /> Appropriation Committee Meeting December 1, 1986 <br /> 7:30 P.M. <br /> Members Present: <br /> M.J. 0"Sullivan R. Perry <br /> G. Burnell M. Polebaum <br /> J. Campbell G. Doran <br /> L. Gilson J. Ryan <br /> K.H. Muelhmann <br /> Members Absent: <br /> R. Cataldo <br /> Meeting called to order by Chairman O'Sullivan <br /> General discussion on spread sheet of November 17, 1986 <br /> - as prepared by Town Manager showing six year history of appropriation, <br /> revenues and tax rates <br /> - discussed the $591,921 Tax Levy Reserve for FY 1987 <br /> - tax levy reserve should serve to help protect future town tax needs <br /> - thought should go into how tax levy reserve will ultimately be expended <br /> - general discussion regarding the establishment of a stabilization fund <br /> and the purpose for which funds can be expended from the Stabilization <br /> Fund <br /> - concern of committee expressed over the percentage increase in personal <br /> services vs cost of living <br /> - entertain concept of suggesting a flat percentage across the board in- <br /> crease for all town departments <br /> - concern over school costs - specifically per pupil costs <br /> - discussed distribution formula <br /> - Janet Perry/P.S.A.B. <br /> - Accept minutes of 10-6-86 meeting <br /> - general discussion of assignments <br /> - Motion to Adjourn <br />