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APPROPRIATION COMMITTEE MEETING <br /> WEDNESDAY, SEPTEMBER 3, 1997 <br /> BOARD OF SELECTMEN MEETING ROOM, 7:30 PM <br /> Present: P Lapointe, I Mroczkowski, S Coit, P Hamburger, R Borghesani, A Levine, J <br /> Ryan <br /> Absent: R Pawliczek, R Colwell <br /> * MOTION: Approve minutes of July and August <br /> * P Lapointe discussed meeting of August 28th. Concerns of AC the process must move <br /> forward was relayed. There is a need to see debt service in the context with other <br /> costs. <br /> • Discussion of projections to be made re: wages,benefits and expenses <br /> • Discussion of Capital Budget: tax levy supported, tax exempt, the authorized& <br /> unissued debt, projected debt <br /> • What will future capital costs be upon completion of the proposed school project. <br /> • A Levine discussed the downloading of information from the DOE re: the SBAB <br /> program <br /> • Joint meeting with the CEC <br /> • General discussion on how do we move the project forward <br /> • The numbers are not all that important. It is however important to take advantage of <br /> any state assistance available. To spend $ 35 million with no reimbursement doesn't <br /> seem to make good financial sense, <br /> • Possible options are go forward, wait a few years, and scrap the project. <br /> Ac9.3 <br />