2012-04-26 Annual Town Meeting Minutes

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ANNUAL TOWN MEETING Reading Memorial High School April 26, 2012 The meeting was called to order by the Moderator, Alan E. Foulds, at 7:36 PM, there being a quorum present. The meeting began with the Pledge of Allegiance to the Flag. All newly elected and appointed Town Meeting Members were swom in by the Moderator. ARTICLE 13 Barry Berman of the Finance Committee moved that the Town raise by borrowing, or from the tax levy, or transfer from available funds, and appropriate the sum of: $87.852.933 for the operation of the Town and Its Government for Fiscal Year 2013, beginning July 1, 2012. Barry Berman of the Finance Committee moved that the Town approve and appropriate the proposed FY 2013 Budget as presented for Line Item B99 (Benefits): $13,329,635 to be provided as follows: Line B99 — $1,000,000 from Free Cash and the balance from property taxes, State aid and non - property tax local receipts. Barry Berman of the Finance Committee moved that the Town approve and appropriate the proposed FY 2013 Budget as presented for Line Item C99 (Capital): $1.937,700 to be provided as follows: Line C99 — $250,000 from the Sale of Real Estate Fund, $368,000 from the Smart Growth 40R Stabilization Fund and the balance from property taxes, State aid and non - property tax local receipts Discussion among Town Meeting Members Barry Berman of the Finance Committee moved that the Town approve and appropriate the proposed FY 2013 Budget as presented for Line Item D99 (Debt): $4.539.575 to be provided as follows: Line D99 - $215,828 from MSBA construction grant and the balance from property taxes, State aid and non - property tax local receipts Barry Berman of the Finance Committee moved that the Town approve and appropriate the proposed FY 2013 Budget as presented for Line Item E99 (Vocational Education): $325.000 to be provided as follows: Line E99 — from property taxes, State aid and non - property tax local receipts