HomeMy WebLinkAbout1997-08-27-AC-MIN.pdf APPROPRIATION COMMITTEE MEETING
WEDNESDAY,AUGUST 27, 1997
7:30 PM,BOARD OF SELECTMEN MEETING ROOM
Present: P Lapointe, R Borghesani, S Coit, R Colwell,P Hamburger, A Levine, I Mroczkowski,
R Pawliczek, J Ryan
Absent: M Miley
* AC should focus on a five year baseline projection for both revenue and expenditure ( income
& expense)
* AC will attempt to understand and present the effect differing levels of debt service will have
on a Lexington residential property. Is there a relationship between a level of capital
investment(overrides) and home values?
* CEC will continue their efforts in preparing a five (5) year capital budget
* Out years become suspect as to their accuracy. Departments will estimate high for needs and
low for revenue thereby creating possible deficits.
* General discussion of a town wide compensation policy
* Discussions as to whether the AC should be a policy advisor or react to and recommend
* P Hamburger expressed concern that the estimates never seem to hold true. Why is reality
different from the projections? Perhaps ranges should be used in making estimates rather
than using a specific percentage. Need to get BOS and SC to commit on the assumptions.
* AC should analyze at least one year to determine why the actual vary from the original
estimate.
* JOINT MEETING WITH CAPITAL EXPENDITURES COMMITTEE
* Present: W Kennedy, C Hornig, S Stoltz, K Dooks
* General discussion around the role each committee will play and the areas they will spend their
energies.
* General discussion surrounding the possibility of a special town meeting and debt exclusion
vote.
* Clear consensus that the BOS should begin the process and let Town Meeting and the citizens
begin the public discussion of the project.
* Need to identify tangible costs which will need to be dealt with if there is not a successful debt
exclusion vote. Possible delay of one (1) year in construction if there is no fall town meeting.
* Need to have a time line for a special town meeting as well as an election. A construction
calendar is also necessary.
* Next meetings: September 3rd @ 7:30 pm,joint meeting @ 8:30 pm
September 18th @ 7:30 pm ,joint meeting @ 8:30 pm.
* Motion to adjourn
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