HomeMy WebLinkAboutmin of fin com 03/16/2006
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MASSACHUSETTS
Minutes ofMeetim! held Thursdav. March 16.2006
Finance Committee Members Present:
Andrew Gazzolo (presiding)
James Lazzara
Jess Aptowitz
Jack Goldberg
Charlene Lavin
Greg Arnold
Tom Stevens.
These minutes were prepared by Greg Arnold. The meeting was opened at 7:00 p.m.
Matters Discussed and/or Voted On
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Chairman Gazzola presented a summary ofthe 5-Year Forecast Meeting, indicating that the
Town had prepared a list of capital projects that may be needed in the coming years. It was
suggested that the Town Manager put a warrant article on seeking funding for a feasibility study
to determine which of these projects is truly needed.
The current state of the budget was then discussed, and it was noted that there was an
approximate $5 million shortfall based on the anticipated revenue and the requested expense
increases. Various methodologies were discussed for proposing means by which the School and
Town could be asked to, on an equitable basis, cut their budgets to arrive at a balanced budget
without dipping into the Stabilization Account.
The DPW's request for $21,000 was discussed and, on a motion made by Jess Aptowitz and
seconded by Jack Goldberg, by a vote of7-0 the Finance Committee voted to approve the
request.
Charlene Lavin presented another update on the Consolidation Committee.
Jess Aptowitz presented an update on the health insurance/healthcare situation. He had a talk
with John D' Agostino, although no final answers had been received.
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The Meeting closed at approximately 8:40 p.m.
GrebNn~mry
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