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APPROPRIATION COMMITTEE MEETING TUESDAY,AUGUST 12, 1997 BOARD OF SELECTMEN MEETING ROOM Present: P Lapointe, P Hamburger, R Borghesani, R Pawliczek, R Colwell, A Levine, J Ryan Absent: M Miley, I Mroczkowski, S Coit * General discussion of P Lapointe"Discussion Draft" dated August 1, 1997. Draft was distributed at the August 7th meeting (gang of 8)but was not discussed, * P Lapointe discussed joint meeting of the BOS and SC with the PBC. Tour of Estabrook School with J Moynihan and PBC highlighted work to be done in that particular school. Similar work will be done in all buildings. * PBC expects to receive cost estimates from HMHF on August 15th and anticipates being prepared to discuss cost issues in early September. R White made a brief presentation of possible Town projects at the joint meting. * Discussed having CEC do the capital analysis with the AC making financial projections. Need to do less but in a much better fashion. * CEC should prepare needs based projections. * AC will look at tax impact as well as other financial matters. * AC must attempt to determine what costs will be associated with increased enrollment and what effect that will have on salary increases over the years. * How have home values increased and is it due to a commitment to education? * Joint Meeting with CEC (K Dooks, C Hornig, S Stoltz, C Touart * Need to narrow focus on and do it well * Need to develop five (5)year projection of revenue and expenses along with enrollment projections. * What will effect be on tax levy for personal services vs debt * AC should provide the Town Meeting as well as the general public with estimated tax rates and levy for the next five (5) years. * CEC should prepare five (5) year projections on capital scenarios * Compute overall impact of school project on Town finances * Next meeting scheduled for Wednesday, August 27th * Motion to adjourn. ac8/12