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1975-11-22-AC-MIN.pdf
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1975-11-22-AC-MIN.pdf
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1975
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Minutes - AC - Appropriation Committee
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17 0. <br /> APPROPRIATION COI'MRITTEE <br /> DATE: November 22 , 1975 <br /> TIME: 9: 00 A.M. <br /> PLACE: Town Office Bldg. Selectmen' s Room <br /> PRESENT: Edward E. Furash, Chairman, Donald B. White, Vice Chairman- <br /> Schools, Harry Hall, Patricia A. Hagedorn, Martin A. Gilman, <br /> Richard M. Perry, Secretary <br /> Capital Expenditures Committee <br /> Board of Selectmen <br /> I. PROPERTY RE-EVALUATION <br /> Town Manager O'Connell spoke briefly re the above subject. He <br /> asked both committees for their opinions re a sub-committee to study <br /> this. It was suggested by Chairman Furash that the Board of Assessors <br /> be brought in to hear their views and John Blaisdell will represent <br /> the Committee. <br /> II. CAPITAL BUDGET <br /> Goal: $1. 1 - ' 76 <br /> Total: $933, 000 <br /> Balance: $593,000 <br /> Town Manager' s Recommendation: $1, 315,000 - not including Reserve <br /> Fund. <br /> Town Manager' s estimate of minimum requirements : $1,100 ,000 <br /> Estimate of funding capability exclusive of tax levy: <br /> GRS Funds : $300 ,000 <br /> O.S.H.A. : 60,000 <br /> Sale of Lots : 24, 000 <br /> $384,000 <br /> Balance needed: <br /> For 1. 3m budget: $931, 000 <br /> For l. lm budget: 731,000 <br /> l. lm High Priority Items <br /> Appropriation Committee might want to use the overlay surplus for <br /> Reserve Fund. <br /> Suggested Approach: <br /> a) Aim for 1. 1 max in projects to be funded from the tax levy would <br /> be $700,000. <br /> b) Certain projects to be recommended only on the basis of Federal <br /> Grant if obtainable: i.e. , <br /> Fire Engine - 80 ,000 <br /> Flag Pole - 40 ,000 <br />
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