1994-08-25-AC-MIN.pdf - Laserfiche WebLink

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APPROPRIATION COMMITTEE MEETING THURSDAY, AUGUST 25, 1994 COMPTROLLER'S OFFICE, 7:30 PM Present: P Lapointe, J Pagett, C Coughlin, M Miley, R Leone, R Borghesani, L Peck, J Ryan Absent: M Mairson, R Neumeier Also Present: R White, Town Manager * P Lapointe opened meeting and recognized R White in order to discuss the areas as outlined on the suggested meeting agenda * R White discussed the preliminary revenue projections for fiscal 1996. It is estimated the Lottery revenue will increase by $ 100,000,Education Reform revenue will increase by $ 50,000. There is little room for increases in local revenue. The BOS is reviewing all fees and will recommend adjustments by October 17th in order to be factored into the FY 96 projections. "Free Cash" availability is estimated to be in the area of $ 500,000. It is anticipated the tax levy will increase by approximately $ 1,500,000(allowable 2.5% increase plus projected growth). The net result will yield $ 1,150,000 of net new revenue ($ 1,500,000+100,000+ 50,000-500,000). This increase in revenue will be offset with debt service payments for the bond authorizations passed at the 1994 annual town meeting of approximately $ 800,000.Thereby leaving approximately $ 350,000 to support all increased requests. Preliminary estimated from J Young are in the area of$ 1,700,000 and the Town approximately $ 1,200,000. The BOS at their goal setting session discussed the possibility of an override or trash enterprise fund. BOS will perhaps have public hearings to solicit citizen feedback on the trash issue. * September 26th the BOS will meet jointly with the AC, SC, and CEC * October 3rd Senator Havern will meet with BOS * October 31st BOS to discuss estimated revenue and expense projections for FY 96. * General discussion of the Privatization Committee (PC) and its focus. Stay clear of political issues. Focus seems to be on facilities management. * R White discussed in general terms labor negotiations. He serves as a School Committee member in the area of collective bargaining. The tutors have organized and there are approximately 66 who appear to be eligible for health insurance (minimum of 20 hours per week, state statute). Concern that the cost will completely eliminate the savings recently attained through coalition bargaining. Cost estimated to be in the area of $ 350,000. Similar problem managed in other communities by hiring tutors with a work schedule of less than 20 hours per week. * Town employees to receive a distribution of the 1% appropriated. Distribution has not yet been made. Lower employees will receive something greater than 1% with employees