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03/27/2023 AC Minutes <br />2 <br />The only clear option for shifting additional funds to the Education budget would be to reduce the <br />revenue from new growth that is currently dedicated to the Capital Stabilization Fund (CSF), since <br />it is part of a recurring revenue stream and is not currently encumbered. However, reductions in <br />funding for the CSF would negatively impact property tax bills once the high school project is un- <br />derway. Additional revenue resulting from such a change would be subject to the revenue allocation <br />formula, apportioning funds to both the municipal and education budgets. <br />Minutes of Prior Meetings <br />Minutes from the Committee meeting on March 2 were approved by a vote of 8-0. <br />There are currently outstanding sets of minutes from the meetings of March 9, 16, and 27. <br />Future Meetings <br />The Committee will meet at 7:00 p.m. on Wednesday, March 29. An agenda will be posted for <br />Monday, April 3. <br />Adjourn <br />The meeting was adjourned at 7:27 p.m. <br />Respectfully submitted, <br />Glenn P. Parker <br />Approved: April 3, 2023 <br /> <br />Exhibits <br />● Agenda, posted by Mr. Parker