HomeMy WebLinkAboutFin Comm 02/24/19833
FINANCE COMMITTEE
MINUTES OF MEETING
February 24, 1983
PRESENT: Chairman John White, Joseph Houghton, Stephen Quinn, Vincent Forte,
Roger Dotson, Town Manager and Selectman John Dunn
8:05 P.M. Meeting called to order.
Committee discussed exemption. Stephen Quinn recommended Finance Committee
have alternative budget prepared to alert voters what will be cut out if
exemption fails.
School Budget - Town Manager says $7,000,000 figured into sources of
revenue and will be O.K. if exemption passes.
Cherry Sheet - Approximately $200,000 this year.
Added Value - Not a solid number, if any, of our projected revenues and
if budget is in trouble.
$ to be considered cut if exemption fails
General Governnment )
Public Safety )
Public Works )
Community Development)
Committee looked over the budget
to identify amounts to be cut.
Possibility to have election underwrite cost of street lights then potential
$65K savings for budget. Conclusion - If exemption fails, there will be
personnel cuts.
* MOTION: Send letter to Selectmen; Town Manager & School Committee.
Town budget reduces $250,000 & School budget reduces $350,000
if exemption does not pass. Houghton. Voted: 5-0.
* MOTION: Accept preliminary statement on exemtpion. VOTED: 5-0.