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HomeMy WebLinkAbout2025-11-03-AC-min.pdf 11/3/2025 AC Minutes 1 Minutes Town of Lexington Appropriation Committee (AC) November 3, 2025 Place and Time: Ellen Stone Room, Cary Memorial Building; 7:00 p.m.–7:30 p.m. Members Present: Glenn Parker, Chair; Sanjay Padaki, Vice-Chair; Alan Levine, Secretary; Anil Ahuja; John Bartenstein; Eric Michelson; Vinita Verma; Lily Yan; Carolyn Kosnoff, Assistant Town Manager, Finance (non-voting, ex officio) Members Absent: Sean Osborne Other Attendees: Rosalyn Impink, Budget Officer At 7:04 p.m. Mr. Parker called the meeting to order. Announcements and Liaison Reports Ms. Kosnoff reported that the Select Board approved water and sewer rates at their last meeting. She also reported that the Assessors have lowered FY2026 assessments for commercial and indus- trial property in Lexington by about 6%. Ms. Kosnoff stated that the tax rate setting package would be published on November 7, and the Se- lect Board would hold its first hearing on November 10, followed by the final tax rate determination on November 17. Mr. Levine reported that the MSBA Board approved the terms of the Lexington High School pro- ject funding agreement in which the MSBA would contribute $118 million to the project plus an ad- ditional amount that is dependent on the use of owner’s contingency funds. The maximum MSBA contribution to the project was set at $121.8 million. Changes of Motions for Financial Articles Mr. Parker and Ms. Kosnoff noted that the amount of the appropriation into the Capital Stabilization Fund in the motion under Article 3 was reduced from $1,164,367 to $934,782 after the final dollar amount for new growth was certified by the Dept. of Revenue. Ms. Kosnoff added that while FY2026 assessments correspond to values as of January 1, 2025, the new growth figure is updated to June 30, 2025. The Town has the authority to do this because the Town has adopted a provision of state law that allows new growth to be adjusted up to June 30. Future Meeting Schedule Mr. Parker informed the Committee that he scheduled another meeting at 7:00 p.m. for Tuesday, November 4, 2025, but will cancel that meeting if Town Meeting finishes in one session or if there is no business to conduct. Ms. Kosnoff said that staff is considering holding a second summit meeting in December depending on how much is accomplished at the November 20 summit. Mr. Ahuja reported that he would be unable to attend the Ad Hoc Crematory Committee meeting on November 19 and asked if another Committee member could attend in his place. Mr. Levine tenta- tively agreed to cover for Mr. Ahuja. 11/3/2025 AC Minutes 2 Minutes of Prior Meetings Minutes for the meetings of October 21, 2025, and October 23, 2025, were approved by a vote of 8- 0. Adjourn The meeting was adjourned at 7:20 p.m. Respectfully submitted, Alan M. Levine Approved: December 4, 2025 Exhibits ● Agenda, posted by Mr. Parker