HomeMy WebLinkAbout2003-08-21-AC-MIN.pdf APPROPRIATION COMMITTEE MEETING
THURSDAY, AUGUST 21, 2003, 7:30 PM, ROOM 111
Present: D Brown, P Hamburger, E Michelson, R Eurich, R Pawliczek, J Ryan
• Discussed and worked on the draft letter to the BOS in an attempt to frame the
budget discussions for both Fiscal 2004 and 2005
• Suggested changes made. D Brown will revise and prepare for distribution to the
BOS and subsequently to the SC, CEC and TMMA
• Motion: D Brown will finalize input received and send the document to the
BOS. Unanimous
• General discussion of the provisions in Chapter 46 of the Acts of 2003,
specifically the Early Retirement Incentive (ERI) and the"Pension Holiday"
provision.
• D Brown announced that R White will attend our next meeting on September 4,
2003 and will be prepared to discuss almost anything.
• J Ryan informed the AC that he, Mike DiPietro, David Eisenthal, and Rick White
had a telephone conversation with Moodys' Investors this afternoon. Moodys'
had called a few weeks ago and wanted to discuss our situation subsequent to the
override failure. After the conversation they indicated that we seemed to have
things pretty well planned and that we would retain our rating. They will check
back in late fall after we conclude the Special Town Meeting.
• Next meeting, Thursday, September 4, 2003.
Ac.08.21.03