HomeMy WebLinkAboutFinance Comm 04/22/1986TOWN OF MANSFIELDi� .JUL 2 91986
FINANCE COMMITTEE MEETING
APRIL 22; 1986
Called to order by Chairman Ed McQuaid at 7:00 P.M. 5 members present.
PURPOSE To discuss annual town meeting.
1. The Finance Committee came to an agreement on the Town
Manager. Salary increase, i.e., the pension portion
would be broken out and we would agree to the Selectmen's
recommendations as long as they reduced other budget
items.
2. The Finance Committee and the School Committee agreed on
a school budget.
a. The School Committee agreed to reduce its budget
request by approximately $240,000.
b. The Finance Committee agreed to support the
additional $320,000 request to cover wage
negotiations. Therefore, the School Committee will
not need a special town meeting to fund their future
settlement with the unions.
c. Both committees discussed the potential for free cash
after the rate is set. The Finance Committee
reiterated that $250,000 was the minimum acceptable
level. If free cash is greater than this amount the
Finance Committee will give School Committee requests
equal consideration with all other requests.
However, we do not expect a request if free cash is
below $250,000.