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Home My WebLink About2022-10-19 Finance Committee Packet Town of Reading Meeting Posting with Agenda 2018-07-16LAG Board -Committee -Commission -Council: Finance Committee Date: 2022-10-19Time: 7:00PM Building: Reading Town Hall Location: Select Board Meeting Room Address: 16 Lowell StreetAgenda: Purpose:General Business Meeting Called By:Jacquelyn LaVerde on behalf of Chair Ed Ross Notices and agendas are to be posted 48 hours in advance of themeetings excluding Saturdays, Sundays and Legal Holid operation and make necessary arrangements to be sure your posting is made in an adequate amount of time. A listing of topics that the chair reasonably anticipates will be discussed at the meeting must be on the agenda. All Meeting Postings must be submitted in typed format; handwritten notices will notbe accepted. Topics of Discussion: This meeting will be held in-person in the Town Hall Select Board Meeting Room, and remotely via Zoom: WƚźƓ ƚƚƒ aĻĻƷźƓŭ ŷƷƷƦƭʹΉΉǒƭЉЏǞĻĬ͵ǩƚƚƒ͵ǒƭΉƆΉБЊАВВБАЋЊЏА aĻĻƷźƓŭ L5ʹ БЊА ВВБА ЋЊЏА hƓĻ ƷğƦ ƒƚĬźƌĻ њЊЏЍЏЎЎББЏЎЏͲͲБЊАВВБАЋЊЏАϔ { ΛbĻǞ ƚƩƉΜ њЊЏЍЏЎЊБВБЉЎͲͲБЊАВВБАЋЊЏАϔ { ΛbĻǞ ƚƩƉΜ Dial by your location +1 646 558 8656 US (New York) +1 646 518 9805 US (New York) Meeting ID: 817 9987 2167 Find your local number: https://us06web.zoom.us/u/keg4Yxe8Po AGENDA: 1.Vote on Recommendations/Guidance for FY24 Budget 2.Vote on Warrant Articles for November Town Meeting 3.Financial Forum II and Future MeetingAgendas 4.Approve 9/21 Meeting Minutes This Agenda has been prepared in advance and represents a listing of topics that the chair reasonably anticipates will be discussed at the meeting. However the agenda does not necessarily include all matters which may be taken up at this meeting. Page | 1 Town of Reading Financial ForumSeptember 21, 2022 Sharon Angstrom FINCOM Chair Edward Ross Edward Ross Sharon Angstrom agenda items? Sharon Angstrom September 21, 2022 Sharon Angstrom Financial Forum Agenda Financial Updates Revenue Update Free Cash Update FY24+ Accommodated Costs FY24+ Operating Budgets under Free Cash Scenarios Discussion about Free Cash Usage in FY24 Budgets FINCOM meeting on October Approve Minutes FINCOM Closing Remarks FINCOM Opening Remarks +3.4%+9.5%+2.5%+2.6% $ 0.82 $84.52$ .88$ 2.69 $87.3 mil.-$ 8.5 mil. $15.5 mil. $ 4.3 mil.TBD FY24 Revenues Baseline levyNew GrowthExcluded debtAbate/Exempt Property TaxesOther Local Rev.State AidOtherFree Cash 2.69 TBD .9% FY24 3.7% 112.88115.56115.57 2.733.03 FY23 4.0%3.5% 111.47 114.50 108.74 2.793.40 FY22 24 Revenues 3.3%4.5% -110.63 104.44107.23 Projected FY22 Revenues ($ millions)excluded debt impact Free Cash usedRevenues + Free Cash $19,693,000$16,804,000 ($ 275,000)($ 2,200,000)($ 414,000)$ 1,718,224*$ 200,000$ 18.72 million September 2022 Reserves ~16.2% of est. $115.6mil. FY24 projected revenueFINCOM 7% Minimum Reserves Policy Free Cash 6/30/22 (est.)Nov 22 TM Article 4 (proposed)Nov 22 TM Article 7 (proposed)Nov 22 TM Article 18 (proposed)Free Cash RemainingGeneral Stabilization FundFINCOM ReservesTOTAL +$418k+$226k+$156k+$152k+$112k+$100k+$414k+$331k+$319k+$249k+$112k . /FEMA FY22 Revenues Reimb time payments + $1.44 million - Property TaxesBuilding & Electrical InspectionsMeals TaxesPenalties & Interest on TaxesMotor Vehicle Excise taxesInvestment Income*Smart Growth Incentive*Local Assistance/Other State Rev.*Delinquent taxes *Medicaid *Miscellaneous<$100k eachmostly sustainable + $1.16 million *one Total $2.6 million over estimates $1.08 mill.$.20mill.$1.20 mill. 193k $788k $ 76k$339k - $707k $201k$150k$ 25k$ 10k$ -- ------ FY22 Expenditures (PS, PW, & Pub Safety vacancies) Street Lighting Employee BenefitsCapital ExpensesFINCOM ReservesSchool AdminSchool Regular DayTown SalariesTown Salaries (All Other Departments)Various Town Expense Accounts Total $2.48 million under budget .55 2.612.483.67 - $17.73$19.70 FY22(est.) 1.2 (millions) - 1.693.032.95 - FY21 $14.79$17.73 .93.59 - 2.944.13 - FY20 $15.64$14.79 1.0.56 -- 2.993.20 FY19 $11.01 $15.64 .42 - 2.222.541.90 - $8.57 FY18 $11.01 5 Year Free Cash Analysis Certified Beg. Bal. at 7/1Revenue over budgetExpenses under budgetUse of Free CashOther Adj. to Free CashCertified Bal at 6/30 .3% Ѝ͵ЎіЌ͵ЏіЊ͵БіЍ͵ЉіЋ͵Ќі ЊЏ͵ЊіЋЏ͵Њі Ώ Change А͵ЎЏЋЋ͵ЊБЉЊ͵ЊЌЋЏ͵ЉЌЎЊ͵ЊЍЊЌ͵ЎБВ ЋЊ͵ЏАЍ 43.465 FY25 Ѝ͵ЎіЊ͵ЏіЋ͵ВіЊ͵БіЍ͵ЉіЍ͵ЉіЋ͵Ќі 3.9% Change В͵ЉЊЎЋ͵ЊЉЎЊ͵ЊЊЋЎ͵БЉЌЉ͵ВЉЎЌ͵ЎЉБ ЋЉ͵АЌЌ 43.331 FY24 Б͵БЏВЋ͵ЉЍЎЊ͵ЉВЋЎ͵ЎБЉЉ͵БАЉЌ͵ЍЌЉ ЊВ͵БЌЏ 41.722 FY23 (millions) 25 Accommodated Costs - ƚƉĻ Ώ 9ƓĻƩŭǤ .ĻƓĻŅźƷƭ CźƓğƓĭźğƌ {t95 hh5 Ώ /ğƦźƷğƌ ε 5ĻĬƷ 9ķǒĭğƷźƚƓ aźƭĭ ε /ƚƒƒ tƩźƚƩ 9ķǒĭğƷźƚƓ Accommodated Costs Projected FY23 Џ͵ЎіЉ͵ЉіЋ͵ЎіЏ͵ЌіЍ͵ЉіЋ͵ЍіЌ͵Аі 4.5% Change Џ͵ЎЏЋЉ͵ЍЉЎЉ͵ЉБЎЊ͵ЉВЉЉ͵ЊЍЉ Љ͵ЎЉЉЉЊЋ͵БВЋ 21.674 FY25 Џ͵ЎіЉ͵ЉіЋ͵ЏіЏ͵АіЍ͵ЉіЋ͵ЎіЌ͵Бі 4.5% Change Џ͵ЊЏЋЉ͵ЎЉЉЉ͵ЌВЎЉ͵ЉБЉЊ͵ЉЏЎЉ͵ЊЌЎ ЊЋ͵ЌВА 25 Benefits 20.733 - FY24 Ў͵АБЏЉ͵ЎЉЉЉ͵ЌБЎЉ͵ЉАЎЊ͵ЉЍЉЉ͵ЊЌЉ ЊЊ͵ВЋЉ 19.835 FY23 (millions) ht9. wĻƷźƩĻƒĻƓƷ ƚƩƉĻƩ /ƚƒƦ IĻğƌƷŷΉ\[źŅĻ LƓƭ͵ ƓĻƒƦƌƚǤƒĻƓƷ tƚƌźĭĻΉCźƩĻ LƓķĻƒ aĻķźĭğƩĻΉ{ƚĭ {Ļĭ Projected FY23 Benefits А͵ЎіЋ͵Ќі ЎЋ͵Ѝі Ώ 16.11% - Change Ќ͵ЉАЎЌ͵ЎЍЍЊ͵ЋАВ 7.562 FY25 Љ͵ВіЏ͵БіЊ͵Аі ΏΏ 1.6% Change Ћ͵БЏЉЌ͵ЍЏЎЋ͵ЏБЏ 9.015 FY24 25 Capital + Debt - Ћ͵ББЏЌ͵ЋЍЏЋ͵АЌЌ 8.870 FY23 (millions) /ğƦźƷğƌ 9ǣĭƌǒķĻķ 5ĻĬƷ 5ĻĬƷ źƓƭźķĻ ƌĻǝǤ Projected FY23 Capital/Debt Ћ͵ЋЎіЋ͵ЎЉіЋ͵АЎіЌ͵ЉЉіЌ͵ЋЎіЌ͵ЎЉіЍ͵ЉЉіЍ͵ЋЎі 3.75% Budgets Operating FY24 Ћ͵ЋЉЋ͵ЌБЋ͵ЎЏЋ͵АЎЋ͵ВЋЌ͵ЊЉЌ͵ЍЎЌ͵ЏЍ 3.28 ($mil) Usage Free Cash * Similar to FY23 levels FY24 Free Cash Usage , FINCOM Chair Financial Forum IRecommendations/Guidance for FY24 BudgetVote Items for November Town MeetingFinancial Forum IIRegular Meeting (if needed)Attend Select BoardAttend School CommitteeFINCOM: School budgetFINCOM: Town budgetsFINCOM: Vote Budgets & TM Articles Charter: School Committee Budget to Town ManagerCharter: Balanced TM Budget to FINCOM FINCOM Meetings Edward Ross FY24 Budget Public Meetings September 21October 19October 26November 2Dec 6, 7, 14 & 15January 5, 12, 19 & 26February 22March 1March 8 & 15 January 31February 28 - - 109,000700,000 110,000 895,000 205,000 200,000 2,674,500 2,464,0002,110,500 1,345,0002,365,000 5,013,000 6,116,000 3,490,000 9,775,000 1,930,532 37,167,000 70,769,980 31,981,916 38,788,06538,829,525 37,167,000 FY23-33 ---- 5.00% 50,00010,00030,000 160,000150,000800,000900,000312,000300,000950,000 149,074149,074 3,662,000 7,453,675 1,614,950 5,838,725 5,838,725 3,662,000 2,176,725 3,998,057 FY-2033 ---- 5.00% 50,00010,000 160,000 150,000600,000 325,000 500,000 610,000 300,000 950,000 144,732144,732 3,655,000 7,236,578 2,275,300 4,961,278 4,961,278 3,655,000 1,306,278 1,821,332 FY-2032 --- 5.00% 50,00010,00050,000 160,000125,000210,000196,000656,000300,000950,000 140,516140,516 515,054515,054 1,100,000 3,807,000 7,025,804 2,703,750 4,322,054 4,322,054 3,807,000 FY-2031 ------- 5.00% 50,00018,00010,000 875,000135,000 125,000300,000 900,000 136,423136,423 1,100,000 3,513,000 6,821,169 3,311,750 3,509,419 3,513,000 3,513,000 FY-2030 ----- 5.00% 80,00010,000 135,000125,000125,000300,000160,000544,000300,000875,000 132,450132,450 1,245,000 3,899,000 6,622,494 2,724,750 3,897,7443,899,0003,899,000 FY-2029 ------- 5.02% 50,00010,000 610,000 125,000470,000 570,000 535,000 300,000 800,000 128,592128,592 3,470,000 6,429,606 2,987,475 3,442,131 3,470,000 3,470,000 FY-2028 ----- 5.00% 40,00010,000 25,000 270,000 187,000 125,000350,000 265,000 703,000 300,000 725,000 124,847124,847 3,000,000 6,242,336 3,240,850 3,001,486 3,000,000 3,000,000 Capital Improvement Plan (CIP) FY-2027 C. Softball/Multi purpose new turf field $3.2-3.6mil C. Coolidge Field turf $2.2-2.4 mil. (incr from $1.4mil) ----- 5.00% 10,00050,000 310,000100,000168,500120,000100,000167,000912,000515,000650,000 121,210121,210 3,102,500 6,060,520 2,958,275 3,102,2453,102,5003,102,500 FY-2026 ------ 5.63% (1,280) 91,00076,00010,000 147,500110,000100,000950,000300,000117,680116,400 727,838 1,225,000 3,009,5005,820,000 3,538,338 2,281,6622,281,6623,009,500 FY-2025 -- - - - - 5.64% (2,686) 10,00065,000 190,000163,000175,000100,000375,000625,000115,126112,440 721,694 1,260,000 2,963,0005,622,000 3,380,694 2,241,3062,241,3062,963,000 FY-2024 --- 5.64% (2,733) 15,00015,00010,00085,00080,000 262,000110,000100,000500,000584,000200,000111,449108,716 481,000205,000200,000 1,125,000 3,086,000 5,435,800 3,245,784 2,190,016 2,200,000 3,086,000 FY-2023 B. Pickleball Cts, Playground, Parking $800k-$1.0mil B. Basketball Courts $500-650k B. Morton Field improvements $600-950k B. Castine Field $75-100k B. Higgins Farm Conserv Area $100-150k B. Birch Meadow Drive Improvements $250-400k ----- 6.05% (2,792) 10,000 690,000 365,000 195,000375,000 110,000 505,000 100,000 850,000 107,232 104,440 375,000 385,000 400,000 145,000 1,300,000 4,500,000 5,222,000 1,963,844 3,258,156 3,195,000 4,500,000 FY-2022 this was add-alternate part of the Turf 1 project that was dropped due to costs, awaiting costs of the project to add to capital planthis has been reported as a safety issue to the schools - added FY27 may be needed soonerwas removed until elementary school space was planned, it is now returned to the CIP in FY29estimate increased from old $800k figure and moved to 2032 Legend: xDebt has been approved by the voters as excluded from the Prop 2-1/2 levy; debtni has been authorized by Town Meeting but not yet issued; debtna has not yet been authorized by Town Meeting - Net Included Debt 10/13/2022 16:22 Net Revenues (000s)less excluded debtBaseline for FINCOM Policy 1. RMHS Ropes course3. Wood End field repairs4. Artificial Turf@Parker MS A. Support & General Circulation $750k-$1.2mil A. Imagination Station Parking $450-550k A. Lacrosse Wall $100-150k Facilities - General/COREFacilities - School BuildingsFacilities - Town BuildingsPublic Schools - GeneralAdministrative ServicesFinancePublic LibraryPublic ServicesPublic Safety - Fire/EMSPublic Safety - Police/DispatchPublic Works - EquipmentPublic Works - Parks & CemeteryPublic Works - RoadsTOTAL CAPITAL REQUESTSFINCOM policy: 5% debt + capitalFINCOM Target Capital Funding Original Funding Voted or ProposedAdditional temp funding Emergency cutsAdditional Funding Sept TMAdditional Funding Nov TMAdditional Funding April TM TOTAL CAPITAL REQUESTSCapital & Debt PolicyAnnual Surplus (Deficit)Cumulative Surplus (Deficit)Capital Projects Identified but there is no proposed funding yet in the Capital Plan (shading/boldcrossout indicates a change from last Town Meeting)2. RMHS Fldhouse floor/bleachers 5. BM Master Plan up to $10mil. in total $1.5 mil ARPA funding awarded in FY23 for Phase I $2.0mil now proposed as debt funding in FY25 for Phase II 6. Killam Building project TBD Excluded Debt - Killam Field improvements, drainage, repaving ($350k HOLD for Killam project)7. Community Center TBA Excluded Debt if >$5mil (Options are being explored)8. DPW Bldg improvements (scope changed)9. Community projects (no formal capital requests yet) NewNewIncreased by $20kNew$80k increase $40k increasemove out 3 yrs +$65kmove out 1 yr +$10kmove out 2 yrs +$10kMove up 1 yr. + $10k $10k increase$10k increase$10k increaseCost increased by $9kCost increased by $10k - -- - - - - - - - - - - - - - - - - - - - - - - - - 70,000 55,000 55,000 55,000 55,000 55,000 55,000 45,000 35,000 550,000 200,000 450,000 230,000 515,000 2,674,500 FY23-33 50,000 50,000 Debt DebtnaDebtna FY-2033 50,000 50,000 DebtDebt DebtDebt DebtnaDebtna FY-2032 50,000 50,000 DebtDebt DebtDebt DebtnaDebtna FY-2031 50,000 50,000 DebtDebtDebtDebt DebtDebt DebtnaDebtna FY-2030 50,000 450,000230,000515,000 DebtDebtDebtDebt DebtDebt 1,245,000 FY-2029 50,000 50,000 DebtDebtDebtDebt DebtDebt FY-2028 50,00055,000 55,000 55,000 55,000 270,000 DebtDebtDebtDebtDebt DebtDebt Capital Improvement Plan (CIP) FY-2027 50,000 70,000 55,000 55,000 45,000 35,000 310,000 DebtDebtDebtDebtDebt DebtDebt FY-2026 50,000 97,500 147,500 DebtDebtDebtDebtDebtDebt DebtDebt xDebt FY-2025 50,000 190,000 140,000 DebtDebtDebtDebtDebtDebtDebtDebt DebtDebt xDebtxDebtxDebt FY-2024 50,000 12,000 262,000 200,000 DebtDebtDebtDebtDebtDebtDebt DebtDebtDebt xDebtxDebtxDebt FY-2023 50,000 690,000 140,000250,000250,000 DebtDebtDebtDebtDebtDebtDebt xDebtxDebtxDebt FY-2022 10/13/2022 16:22 Facilities - CORE Energy (Performance Contract) $4.95mil debt Energy Improvements II OPM/Design Energy Improvements II $5.0mil/15yr Energy (Green Repairs) $1.05mil debt Bldg Security - $4.0mil debt Bldg Sec. - window film (schools)Permanent Bld CommitteeRMHS Building project ~$55mil debtRMHS Bldg proj - $6 mil Litig. some debt RMHS Retaining Wall - $0.5mil debt RMHS Turf 2 - $2.225 mil debt RMHS Stadium OPM/DesignRMHS Glycol Reclamation & Installation RMHS Stadium Turf/Track $3 mil/10yrRMHS Ropes CourseRMHS/RISE playground designRMHS/RISE playground improvements RMHS Fldhouse floor/bleachers $1.7 mil TBD debt ($175K design; $1.3mil project)Parker MS roof project OPM/design Parker MS Roofing project $2.7mil/10yr Coolidge Alarm PanelCoolidge MS roof project designCoolidge MS Roofing project $3.7mil/10yr Modular Classrooms $1.2m debt Killam Building project TBD xDebt Barrows/Wd End Bldg projects $0.8mil debtBarrows/Wd End Bldg projects debt Birch Meadow ES roof project designBirch Meadow Roofing project $1.9 mil/10yr Library Building project $18.4 mil debtPolice Sta. project $1.5mil/10yr Town Hall Roofing project $515kMain St. Fire Sta Roofing project $225kCommunity Center TBA xDebt if >$5milDPW Bldg project TBDElectrician Van Ford E350 Econoline (2014)Carpenter's Pickup Ford F-350 (2013)Carpenter's Cut-away Van (2017)Plumber's Cut-away Van (2017)Pickup Truck Chevy 2500HD (2016)Van E350 Econoline (2006)Bob Cat skid steerBobcat Skid - snowplow (2008)Bobcat Utility - snowplow (2013) move out 2 yrs +$15k design +$130kmove out 2 yrs +$8k design +$180kmove out 1 yr FY25+$11k, FY26 +$10kFY24 work to FY25 +$5k, FY26 & FY27 +$10kmove out 3 yrs +$3k move out 2 yrs +$9.5kmove out 2 yrs +$3.5k move out 3 yrsmove out 1 yr NewNew Moved to Parks & Cemetery fr FY24 - - - - - - - - - - - - - - - - - - - 15,000 76,000 18,000 15,000 52,000 33,500 25,000 163,000 855,000 126,000 105,000 109,000 110,000 700,000 600,000 100,000 110,000 110,000 2,464,000 2,110,500 1,375,000 1,345,000 1,345,000 2,365,000 FY23-33 - - - 10,000 10,000 10,000 160,000 150,000 150,000 150,000 800,000 DebtnaDebtna FY-2033 - - 10,000 10,000 10,000 160,000 150,000 150,000 150,000 600,000 600,000 325,000 DebtnaDebtna FY-2032 - - 10,000 10,000 10,000 160,000 150,000 125,000 125,000 210,000 1,100,000 1,100,000 DebtnaDebtna FY-2031 - - 18,000 18,000 10,000 10,000 10,000 875,000 775,000 100,000 135,000 125,000 125,000 125,000 DebtnaDebtna FY-2030 - - 80,000 80,000 10,000 10,000 10,000 135,000 125,000 125,000 125,000 125,000 DebtnaDebtna FY-2029 Wood End -> - - - 10,000 10,000 10,000 610,000 475,000 125,000 125,000 125,000 470,000 DebtnaDebtna FY-2028 Barrows -> - - 40,000 40,000 52,000 10,000 10,000 10,000 187,000 125,000 125,000 125,000 350,000 DebtnaDebtna Capital Improvement Plan (CIP) FY-2027 - - 60,000 40,000 33,500 10,000 10,000 10,000 Sturges 100,000 168,500 125,000 120,000 120,000 100,000 100,000 DebtnaDebtna FY-2026 - - Killam 91,000 66,000 25,000 76,000 76,00010,000 10,000 10,000 110,000 100,000 100,000 100,000 DebtnaDebtna FY-2025 - - - 65,000 10,000 10,000 10,000 163,000 163,000 175,000 100,000 100,000 100,000 B Mdw DebtnaDebtna FY-2024 - 15,000 15,000 15,000 15,000 10,000 10,000 10,000 85,00025,000 110,000 100,000 100,000100,000 Mem Pk FY-2023 - - - 65,000 20,000 15,000 60,000 10,000 10,000 50,00040,000 25,000 365,000 200,000 100,000 195,000 100,000 375,000 110,000 Tot Lot FY-2022 10/13/2022 16:22 design(yr1)/project(yr2) Buildings - Schools (Total)Arc Flash Hazard Study HVAC - Elementary schoolsCarpet/FlooringDoors & Windows Wood End Water HeaterCoolidge Water HeaterParker Water Heater Parker Carpet/Flooring Buildings - Town (Total)Arc Flash Hazard Study Carpet/FlooringDoors & WindowsPolice Station Water HeaterSchools - General Food Service Van E-250 (2014)Driver's Education Vehicle (2014)Card readers for all the schoolsVehicle Barriers for all schoolsCourier Vehicle (2007)District-wide Telephone systems Design for Technology wiring projectsDistrict-wide Technology Wiring projects District-wide Technology projects Administrative Services Water Tank Town telco equip replace/relocate Remote access multi factor authenticationInternal segmentation firewall GIS flyover - planimetrics Technology projects FinanceFinancial SystemPublic Safety Fin'l SystemLibrary Equipment Public Services Maillett Sommes Morgan $1.0mil/10yrsDowntown Improvements II $4.0mil/ 20yrsDowntown Improvements II $3.75 mil Bond Bill Downtown Energy Efficient projectsPARC: Kiosks(4) handheld devices(2)Land Use planning (CC & Symonds)Sr/Community Center planning Parks & Fields space study Rehab Playgrounds Program NewIncreased by $20kMoved out 3 yrsMoved out 1 yrMoved out 1 yrMoved out 2 yrsMoved out 2 yrsMoved out 1 yrMove out 3 years Move out 3 years & add $30k for FY23Move out 3 years & add $30k for FY23Move out 3 yearsincreased by $100kincreased by $50kincreased by $40kNewincreased both by $5kMoved up 1 yr increased by $15kincreased by $12kMoved out 4 yrs +$15kNewincreased by $17k - -- - - - - - - - - - - - - - - - 50,000 20,000 50,000 90,000 65,000 65,000 71,00085,000 72,000 800,000 125,000 100,000 125,000 325,000 150,000 100,000 150,000 125,000 105,000 115,000 950,000 425,000 900,000 5,013,000 1,100,000 FY23-33 45,000 800,000 900,000 500,000 Debtna FY-2033 - 325,000 Debtna FY-2032 75,00085,000 50,000 71,00085,000 196,000 Debtna FY-2031 1,100,000 1,100,000 Debtna FY-2030 125,000 300,000 Debtna FY-2029 50,00020,00045,000 150,000 100,000 150,000 570,000 425,000 Debtna FY-2028 125,000 100,000 125,000 265,000 Debtna Capital Improvement Plan (CIP) FY-2027 72,000 167,000 Debtna FY-2026 950,000 950,000 Debtna FY-2025 65,000 65,000 FY-2024 30,000 30,000 65,000 500,000 400,000 FY-2023 Grant funded Grant Funded TBD 150,000 1,300,000 1,300,000 FY-2022 10/13/2022 16:22 Birch Meadow Master PlanBirch Meadow Master Plan DesignPhase 1 $1.5mil ARPA grant Support & general Circulation $750k-$1.2mil Imagination Station Parking $450-550k Phase 2 $2.0mil/10yr debt Lacrosse Wall $100-150k Pickleball Cts, Playground, Parking $800k-$1.0mil Basketball Courts $500-650kPhase 3 $1.6mil/10yr debt Morton Field improvements $600-950k Castine Field $75-100k Higgins Farm Conserv Area $100-150k Birch Meadow Drive Improvements $250-400kPhase 4 $6.0mil/10yr debt Softball/Multi purpose new turf field $3.2-3.6mil Coolidge Field turf $2.2-2.4 mil.Artificial Turf@Parker MS (replace) moved $800k to 2033Barrows Tennis court repairsBarrows Basketball court repairsBarrows Replace backstop & repair infieldKillam Field improve, drainage, repaving ($350k) held for Killam project decisionWood End Field Repairs(*) below indicates $950k in state bond bill details TBA ($805k identified below)*Wash Pk:Replace backstop & shift field*Wash Pk:Walking Paths*Mem Pk: Replace Band Stand*Mem Pk:Court resurface*Symonds:Replace backstop*Hunt Pk:Replace backstopSturges Pk:Tennis court repairsSturges Pk:Basketball court repairsSturges Pk:Backstop repairs Public Safety - Fire/EMS Ladder Trk #1 (2008: $800k, next FY22) (15 years)Ladder Truck & Equipment Pumper Eng #1 (2010-$525k; next FY30)Pumper Eng #2 (2007-$410k; next FY25)Pumper Eng #3 (2016 $630k; next FY36)Pumper Eng #4 (2020 $800k; next FY40)Ambulance #1 (2017- 10 yrs)Ambulance #2 (2010 - 10yrs) & equipAmbulance equipment Passenger Car#1 (2005 - 10yrs) Passenger Car#2 (2009 - 10yrs) Passenger Car#3 (2018 - 10yrs) Pickup Truck #1 (2019 - 12yrs) Pickup Truck #2 (2012 - 12yrs) Moved out 1 yr Moved out 1 yr Increased by $40kIncreased by $40kMoved out 1 yr Decreased by $6kbattery~Increased by $40kMoved out 2 years Moved up 1 yrMoved out 2yrs and increased FY29 by $25kMoved up 1 yrMoved up 2 yrsincreased by $35k and $75kMoved out 2 yrs +$10kMoved up 2 yrs +$35kNewRemoved $35k fr FY26New Moved up 1 yr - - - - - 90,00055,000 40,00030,000 20,000 60,000 75,000 80,000 55,000 75,000 70,000 65,000 62,000 60,000 60,000 40,000 54,000 55,000 62,000 60,00070,000 320,000 500,000 895,000 100,000 160,000 500,000 230,000 250,000 245,000 240,000 235,000 220,000 215,000 200,000 240,000 240,000 200,000 200,000 757,000 100,000 6,116,000 3,047,000 FY23-33 - 50,00030,000 30,000 30,000 62,000 275,000 312,000312,000 250,000 FY-2033 - 75,000 500,000 500,000 610,000 320,000 245,000 FY-2032 40,000 50,000 50,000 60,000 60,000 70,000 656,000300,000 240,000 130,000 FY-2031 ---- FY-2030 - 300,000 160,000 160,000 544,000465,000 230,000 235,000 FY-2029 - 20,000 20,000 60,00070,000 62,000 535,000 290,000 220,000 171,000 FY-2028 40,000 25,000 25,000 54,000 54,000 225,000 703,000 215,000 215,000 Capital Improvement Plan (CIP) FY-2027 40,00025,000 30,000 50,000 50,000 65,000 40,000 60,000 912,000665,000 200,000200,000 200,000 167,000 FY-2026 ---- FY-2025 - 55,000 480,000240,000240,000235,000100,000 1,260,000 FY-2024 -- 35,000 80,000 80,000 584,000 FY-2023 -- 110,000 110,000 505,000 FY-2022 Life 10/13/2022 16:22 Alarm Truck (1994 - 20yrs)ALS Defibrillator (2019 - 7yrs)BLS AEDs (2020-8yrs)Rescue ToolBreathing Apparatus (2017-12yrs)Breathing Air CompressorBreathing Air BottlesCPR Compression DeviceThermal Imaging (2018 - 10yrs)Fire Hose Turnout Gear (2014 - 5yrs)Public Safety - Police/Dispatch Police Unmarked VehiclePolice equipment (tasers) (7 years)Firearms Replacement (12 years)Vehicle Video IntegrationRadios (Police & Fire 2010 - 12yrs)AEDs Public Works - Equipment Large Trucks C-03 Dump Truck C3 (2016)C-04 Dump Truck C2 (2012)H-05 Small Dump Truck #7 (2012)H-06 Aerial Pickup Truck #14 (2017)H-07 Truck #10 (2018)H-08 Truck #9 - Sander (2017)H-09 Truck #8 - 10 wheeler (2016)H-10 Truck #22 -Sander (2015)H-11 Truck #4 - Sander (2014)H-12 Truck #16 - Sander (2011)H-14 Truck #3 - Sander (2010)H-15 Truck #5 (2008)H-16 Truck # 7 (2008)H-17 Truck # 11 (2008)H-18 Truck #19 - Sander (2007)H-19 Truck #18 - Sander (2006)P-03 Dump truck #24 Parks (2017)P-04 Dump truck #12 Parks (2015)Pick-ups/Cars/Vans C-02 Pickup Ford Utility #C1 (2014)C-06 Cem. #4 Ford Sedan (2006)CAR 1 Ford Escape (2016)CAR 2 Car #3 Ford Escape HYBRID (2008)E-01 Chevy Traverse (2019)F-02 Pickup Chevy #9 Parks (2011)H-01 Pickup #16 (2015)H-02 Pickup #18 (2006)H-03 Pickup #4 (2020) Reduced by $3kMoved out 1 yrIncreased by $25kIncreased by $55kMoved up 1 yrincreased by $60k moved out 1 yr -- - - - - - - - - - - - - - - - - - - - - - - -- 67,000 59,000 50,00080,000 80,000 50,000 30,000 25,000 20,000 10,000 50,000 20,000 360,000 280,000 961,000 210,000 111,000 180,000 185,000 225,000 540,000 225,000 FY23-33 --- FY-2033 -- 280,000 225,000 FY-2032 - 25,000 20,000 50,000 20,000 111,000 111,000 115,000 FY-2031 --- FY-2030 -- 10,000 10,000 FY-2029 -- 59,000 50,000 50,000 50,000 FY-2028 - 80,000 30,000 180,000 180,000 Capital Improvement Plan (CIP) FY-2027 -- 67,000 80,000 80,000 FY-2026 --- FY-2025 80,000 16,000 280,000280,000225,000 225,000 FY-2024 - 39,000 395,000210,000 185,000 FY-2023 - 35,000 35,000 460,000 275,000 185,000 FY-2022 10/13/2022 16:22 H-04 Pickup Ford Utility #11 (2014)M-02 Pickup #1 (2020)PFC-01 Ford Escape (2017)P-02 Pickup Ford #2 Parks (2015)Pickup for P/F/C Supervisor Backhoes/Loaders/Heavy Equipment C-07 Backhoe Loader (2020)H-20 Loader JD 624 (2020)H-21 Loader JD 624 (2017)Loader to replace SicardH-22 Backhoe JD 710L HWY (2020)H-23 Bobcat Loader (2015)P-05 Ventrac tractor (2020)P-06 Tractor JD4520 (Parks) (2012)Specialty Equipment - Heavy Duty F-04 Bucket Truck #21 Forestry (2009)F-05 Chipper/LoaderTruck #23 (2008)H-24 Forklift (2016)H-25 Crawler Dozer (2003)H-26 Snow Primoth SW4S (2016)H-27 Snow Trackless (2015)H-28 Snow Holder #1 c992 (2015)H-29 Snow Holder #2 c480 (2013)H-31 Leeboy Pavement Sprd (2014)H-32 Hamm Roller, Large (2014)H-33 Hamm Roller, Small (2016)H-34 Leeboy Roller, Small (1998)H-41 Screener (2018)Blower unit for LoaderW-23 Sicard HD Snowblower (1999)Specialty Equipment - Light Duty C-14 SmithCo 48" Sweeper (2012)C-15 SKAG Leaf Vac (Cem) (2015)C-16 Carmate Trailer (2019)C-17 Big Tex Trailer (2013)F-06 Vemeer Chipper (2018)F-08 Stump Grinder new (2021) (replace 20 yrs)F-09 Trailer Dump Trailer (2015)F-10 Truck Mount Sprayer 500gal (2015)H-35 Tack Machine for Paving (2004)H-36 Curb-builder for Paving (2010)H-37 HotBox for Paving (2020)H-38 Cement Mixer Tow Behind (2005)H-39 Mobile Compressor (1) (2019)H-40 Mobile Compressor (2) (2020)H-42 Trailer (2012)H-43 Trailer, Roller (1998)H-44 Eager beaver Trailer #2 (1996) New Moved out 1 yrMoved out 1 yrMoved out 2 yrs moved out 1 yr +$15kMoved to Parks/Cemetery as of FY24 +$175k and + $75k FY25-FY33Reduced by $25kReduced by $25kReduced by $25k - - - - - - - - - - 30,000 40,00015,000 25,00010,000 16,000 24,000 24,000 12,500 24,000 10,000 12,500 24,000 24,000 20,000 451,000 150,000 150,000 550,000 215,000 100,000 525,000 3,490,000 1,100,000 1,000,000 1,625,000 1,625,000 1,100,000 5,425,000 9,775,000 6,600,000 16,375,000 FY23-33 - 50,00050,000 300,000 100,000100,000200,000 200,000 550,000 950,000 600,000 1,550,000 FY-2033 30,00025,000 10,000 10,000 50,00050,000 300,000 100,000100,000 200,000 200,000 550,000 950,000 600,000 1,550,000 FY-2032 - 50,00050,000 300,000 100,000100,000200,000 200,000 550,000 950,000 600,000 1,550,000 FY-2031 ' - $1.7mil funded FY27 - safety issue 50,00050,000 300,000 100,000100,000 175,000 175,000 550,000 900,000 600,000 1,500,000 FY-2030 69,000 24,00012,500 12,500 20,00050,00050,000 300,000 100,000100,000175,000 175,000 525,000 875,000 600,000 1,475,000 FY-2029 community sustainability - any costs not Excluded debt should be identified very soon 24,000 24,00050,00050,000 300,000 100,000100,000 150,000 150,000 500,000 800,000 600,000 1,400,000 FY-2028 Concerns RMHS Fieldhouse bleachers/floorKillam ES Debt projects planned for FY24 need public discussion 1. $1 mil ' 40,00010,000 24,000 50,000 50,000 174,000 150,000 300,000 100,000100,000 125,000 125,000 475,000 725,000 600,000 1,325,000 Capital Improvement Plan (CIP) FY-2027 - 50,00050,000 515,000 215,000100,000100,000100,000 100,000 450,000 650,000 600,000 1,250,000 FY-2026 B Meadow - 50,00050,000 300,000 100,000100,000100,000 100,000 600,000 425,000600,000 Debt 1,225,000 1,825,000 FY-2025 16,000 24,00024,000 50,000 25,000 375,000 200,000 100,000 100,000 100,000 425,000 625,000 600,000 Debt 1,225,000 FY-2024 grant funded TBD 15,000 24,000 50,00050,000 150,000150,000 200,000 100,000100,000 100,000 500,000425,000600,000 1,125,000 1,725,000 Debt FY-2023 10,000 10,000 50,000 50,000 100,000 200,000 100,000 550,000 850,000 600,000 Debt 1,450,000 FY-2022 added new debt for cost overage ($1.5mil) added as ARPA grant in FY23 (design work underway) costs increased by $80k increased by $40k (replace) moved $800k to 2033 added back to capital plan 10/13/2022 16:22 Biggest Changes in Capital since April 2022 Town Meeting TOTAL ROAD CAPITALCoolidge MS roof project designBM MS roof project designParker MS Roofing project $500k/10yr - Artificial Turf@Parker MSBirch Meadow Field project phase I P-11 Smithco SuperStar (2016)P-12 Smithco 60 Turf Sweeper (2016)P-13 Sweeper/Blower/Mower (1985)P-14 Leaf Vac SKAG (2016)P-15 Trailer (2016)P-16 Trailer (2013)P-17 Trailer (stump grinder)P-18 Trailer Enclosed (2007)Lawnmowers C-08 Mwr SKAG TT #2 (2017)C-09 Mwr (Cem.) SKAG 48" (2016)C-10 Mower SKAG 61" (2008)C-11 Mwr (Cem.) Scag 52" Stander (2021)C-12 Mwr SKAG 36" (2012)C-13 Mwr SKAG TT 61" #3 (2011)P-07 Mwr SKAG TT #5 (2017)P-08 Mwr SKAGP-09 Mwr (Pks) TORO 5910N (2014)P-10 Mower - TORO Gang (2007)DPW: Parks & Cemetery Gen'l Fence Replacement DPW Yard ImprovementsStrout Avenue ImprovementsSchool Site Improvements(parking lots, sidewalks, walkways)Field, Playground and Court Improvements Rock Wall repairs - Memorial Park Rock Wall Repair ProgramRock Wall repairs - Laurel HillRock Wall repairs - Joshua Eaton Gen'l Parking Lot Improvements DPW: Roads Track Road Bridge #1Track Road Bridge #2 Sidewalk/Curb/Ped. SafetySkim Coating & Crack Seal PatchWest Street - Local shr ($1.3mil)Lowell Street $500k + $600kGeneral Fund - various roadsTOTAL GENL FUND VOTED - ROADSGrants - various roads FY23-33 FY-2033 FY-2032 FY-2031 /Haven Street ($7 mil identified; $5mil in state bond bill) FY-2030 FY-2029 downtown improvments FY-2028 2. Capital Improvement Plan (CIP) FY-2027 FY-2026 FY-2025 FY-2024 FY-2023 moved out 2 years FY-2022 ($2mil) added as debt in FY25 increased to $140k and moved out 2 years 10/13/2022 16:22 Birch Meadow Field project phase IIRISE playground surface HVAC work for Barrows & Wood End increased by $256k 0000 0 000 0 0000 73,200 73,200 833,200760,000 760,000 833,200833,200 573,200260,000 833,200 FY - 2039 Projected 0000 0 000 0 0000 96,400 96,400 856,400760,000 760,000 856,400856,400 586,400270,000 856,400 FY - 2038 Projected 000 0 00 0 0000 122,500 122,500292,900292,900599,600280,000 879,600 FY - 2037 Projected 1,172,5001,050,000 1,050,000 1,172,5001,172,500 000 0 00 0 0000 151,500 151,500298,700298,700612,800290,000 902,800 FY - 2036 Projected 1,201,5001,050,000 1,050,000 1,201,5001,201,500 000 0 00 0 0000 180,500 180,500304,500304,500626,000300,000 926,000 FY - 2035 Projected 1,230,5001,050,000 1,050,000 1,230,5001,230,500 000 0 00 0 0000 219,500 219,500310,300310,300639,200520,000 FY - 2034 Projected 1,469,5001,250,000 1,250,000 1,469,5001,469,500 1,159,200 000 0 00 0 0000 264,950 264,950317,550317,550652,400640,000 FY - 2033 Projected 1,614,9501,350,000 1,350,000 1,614,9501,609,950 1,297,400 000 0 0 0 0000 325,300 325,300939,700327,700127,500665,000 FY - 2032 Projected 2,275,3001,950,000 1,950,000 2,275,3002,270,300 1,150,100 1,335,600 000 0 0 0 0000 413,750 413,750979,750340,750133,125690,000 FY - 2031 Projected 2,703,7502,290,000 2,290,000 2,703,7502,698,750 1,534,875 1,724,000 000 0 0 0 0000 516,750 516,750712,250139,375715,000 FY - 2030 Projected 3,311,7502,795,000 2,795,000 3,311,750 1,539,350 3,306,750 1,740,125 1,772,400 000 0 0 0 0000 484,750 484,750740,750145,625740,000 FY - 2029 Projected 2,724,7502,240,000 2,240,000 2,724,750 1,609,150 2,719,750 1,093,375 1,115,600 000 0 0 0 0000 592,475 592,475774,375151,875922,500 FY - 2028 Projected 2,987,4752,395,000 2,395,000 2,987,475 1,679,175 2,982,475 1,133,725 1,433,300 000 0 0 0 0000 705,850 705,850803,125158,125955,000 FY - 2027 Projected 3,240,8502,535,000 2,535,000 3,240,850 1,889,850 3,235,850 1,319,600 1,481,000 000 0 0 0 0000 758,275 758,275831,875969,525164,375987,500 FY - 2026 Projected 2,958,2752,200,000 2,200,000 2,958,275 1,965,775 2,953,275 1,127,500 0000 44,700 918,038 873,338175,750 FY - 2025 Projected 4,818,0383,900,000 2,665,0001,235,000 3,538,338 2,513,338 1,279,700 1,279,700 3,533,338 1,196,8131,005,5751,155,200 1,279,700 1,279,700 1,165,000 000 846,806 688,494158,312182,250472,900 337,500 FY - 2024 6,066,8065,220,000 2,692,2002,527,800 3,380,694 3,043,194 2,686,112 2,686,112 3,375,694 1,242,8311,477,713 2,686,112 1,357,0121,329,100 Projected 000 0 800,784258,582197,939144,300 5,978,3664,919,000 2,445,0002,474,000 1,059,3663,245,784 3,245,784 2,732,582 2,732,582 3,245,784 1,317,3041,586,240 2,732,582 1,364,0821,368,500 FY - 2023 Requested 0000 0 670,726 313,844356,882950,956864,688148,200 4,755,7264,085,000 1,650,0002,435,000 1,963,844 1,963,844 2,791,882 2,791,882 1,963,8442,791,882 1,383,9821,407,900 FY - 2022 Approved 0000 0 829,858 376,676453,182984,148152,100 4,984,8584,155,000 1,760,0002,395,000 2,136,676 2,136,676 2,848,182 2,848,182 2,136,676 1,000,428 2,848,182 1,400,8821,447,300 FY - 2021 Approved IssuedIssued Town BuildingsTown Buildings 10/13/22 16:22 School BuildingsSchool Buildings Excluded DebtExcluded Debt Within Levy LimitWithin Levy Limit Not yet approved (NYA)Not yet approved (NYA) Community ImprovementsCommunity Improvements Approved not issued (ANI)Approved not issued (ANI) General Fund: Excluded Debt Energy/Safety ImprovementsEnergy/Safety Improvements Within Levy Limit Town of ReadingDebt Service SchedulePrincipalInterestDebt SummaryInside Tax LevyExcluded From Tax Levy new move out 5yrsmove out 5yrs$5m bond bill 00 0 0 0 833,200 833,200378,700194,500260,000 FY - 2039 Projected 000 0 0 856,400 856,400387,400199,000270,000 FY - 2038 Projected 00 0 0 292,900292,900 879,600396,100203,500280,000 FY - 2037 Projected 1,172,500 00 0 0 298,700298,700 902,800404,800208,000290,000 FY - 2036 Projected 1,201,500 00 0 0 304,500304,500 926,000413,500212,500300,000 FY - 2035 Projected 1,230,500 00 0 0 0 310,300310,300 422,200217,000310,000210,000 FY - 2034 Projected 1,469,500 1,159,200 00 0 0 317,550317,550 430,900221,500100,000320,000220,000 FY - 2033 Projected 1,614,950 1,297,400 00 0 0 939,700327,700255,000229,500127,500 439,600226,000105,000330,000230,000 FY - 2032 Projected 2,275,300 1,335,600 00 0 0 979,750340,750266,250239,625133,125 350,200448,300230,500110,000340,000240,000 FY - 2031 Projected 2,703,750 1,724,000 00 0 0 357,000355,250158,100278,750250,875139,375 360,400457,000235,000115,000350,000250,000 FY - 2030 Projected 3,311,750 1,539,350 1,772,400 00 0 0 371,000369,750169,400291,250262,125145,625 370,600120,000360,000260,000 FY - 2029 Projected 2,724,750 1,609,150 1,115,600 0 0 0 385,000389,375175,800303,750273,375151,875157,500 380,800125,000370,000270,000 FY - 2028 Projected 3,112,475 1,679,175 1,433,300 0 0 0 399,000404,125182,200321,375140,400284,625158,125165,000 391,000130,000380,000280,000 FY - 2027 Projected 3,370,850 1,889,850 1,481,000 0 0 0 413,000418,875188,600334,125145,800301,000164,375172,500 135,000390,000290,000 FY - 2026 Projected 3,093,275 1,965,775 1,127,500 0 427,000336,188433,625195,000346,875151,200312,500175,750135,200180,000239,700 140,000400,000300,000 FY - 2025 Projected 3,678,338 2,513,338 1,279,700 1,279,7001,040,000 1,165,000 0 3,952 29,94240,560 446,100348,356448,375201,400359,625156,600324,000153,000135,938117,208182,250140,400187,500249,100 337,500145,000 FY - 2024 3,380,694 3,043,194 2,686,112 2,686,1121,312,5001,080,000 Projected 0 0 32,05246,88010,452 460,300360,113496,892207,800394,325162,000358,677159,000149,428122,958197,939144,300258,500 3,245,784 3,245,784 2,732,582 2,732,5821,306,7501,110,000 FY - 2023 Requested 0 0 70,35034,65032,95249,23010,752 474,500371,456219,300167,400165,000153,628126,408148,200267,900 1,963,844 1,963,844 2,791,882 2,791,8821,324,0001,140,000 FY - 2022 Approved 0 0 73,70036,30033,85250,58011,052 491,760382,388227,940172,800102,000171,000157,828135,008152,100277,300 2,136,676 2,136,676 2,848,182 2,848,1821,339,2501,170,000 FY - 2021 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 10/13/22 16:22 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Library Project $10+mil RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil RMHS Turf I $3.0mil/10yr Bldng Security $4mil/10yr Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr Excluded Debt RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Ec Dev Dwntn II $2.0mil/20yr Principal + Interest RMHS Fieldhouse $1.7mil/5yrs Coolidge MS Roof $2.9mil/10yr Police Sta Improve $1.5mil/10yr Birch Mdw ES roof $1.5mil/10yr Within Levy Limit Bch Mdow Phase II $2.0mil/10yr Bldg Energy Improv I $5m/15yr Comm. Sustainability $1.0mil/10yr Bldg Energy Improv II $5m/15yr Town of ReadingDebt Service Schedule Haven St. Streetscape $750k/5yr 750,000 4,377,3002,521,3002,270,0001,261,4003,000,000 new move out 5yrsmove out 5yrs 0 0 0 760,000 760,000370,000190,000200,000 FY - 2039 Projected 0 0 0 760,000 760,000370,000190,000200,000 FY - 2038 Projected 0 0 290,000290,000 760,000370,000190,000200,000 FY - 2037 Projected 1,050,000 0 0 290,000290,000 760,000370,000190,000200,000 FY - 2036 Projected 1,050,000 0 0 290,000290,000 760,000370,000190,000200,000 FY - 2035 Projected 1,050,000 0 0 290,000290,000 960,000370,000190,000200,000200,000 FY - 2034 Projected 1,250,000 0 0 290,000290,000 370,000190,000100,000200,000200,000 FY - 2033 Projected 1,350,000 1,060,000 0 0 890,000290,000250,000225,000125,000 370,000190,000100,000200,000200,000 FY - 2032 Projected 1,950,000 1,060,000 0 0 890,000290,000250,000225,000125,000 340,000370,000190,000100,000200,000200,000 FY - 2031 Projected 2,290,000 1,400,000 0 0 350,000290,000155,000250,000225,000125,000 340,000370,000190,000100,000200,000200,000 FY - 2030 Projected 2,795,000 1,395,000 1,400,000 0 0 350,000290,000160,000250,000225,000125,000 840,000340,000100,000200,000200,000 FY - 2029 Projected 2,240,000 1,400,000 0 0 350,000295,000160,000250,000225,000125,000150,000 990,000340,000100,000200,000200,000 FY - 2028 Projected 2,395,000 1,405,000 0 0 350,000295,000160,000255,000135,000225,000125,000150,000 990,000340,000100,000200,000200,000 FY - 2027 Projected 2,535,000 1,545,000 0 0 350,000295,000160,000255,000135,000230,000125,000150,000 650,000100,000200,000200,000 FY - 2026 Projected 2,200,000 1,550,000 350,000330,000295,000160,000255,000135,000230,000130,000130,000150,000235,000 650,000100,000200,000200,000 FY - 2025 Projected 2,665,000 2,015,000 1,235,000 1,235,0001,000,000 3,800 28,79039,000 355,000330,000295,000160,000255,000135,000230,000150,000130,710112,700130,000130,000150,000235,000 250,000100,000 FY - 2024 2,692,200 2,442,200 2,527,800 2,527,8001,250,0001,000,000 Projected 0 30,00044,00010,000 355,000330,000292,300160,000251,300135,000230,000150,000140,000115,000126,400130,000235,000 2,445,000 2,445,000 2,474,000 2,474,0001,185,0001,000,000 FY - 2023 Requested 67,00033,00030,00045,00010,000 355,000330,000165,000135,000150,000140,000115,000130,000235,000 1,650,000 1,650,000 2,435,000 2,435,0001,145,0001,000,000 FY - 2022 Approved 67,00033,00030,00045,00010,000 358,000330,000167,000135,000100,000150,000140,000120,000130,000235,000 1,760,000 1,760,000 2,395,000 2,395,0001,105,0001,000,000 FY - 2021 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 10/13/22 16:22 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Library Project $10+mil Principal RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil RMHS Turf I $3.0mil/10yr Bldng Security $4mil/10yr Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr Excluded Debt RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Ec Dev Dwntn II $4.0mil/20yr RMHS Fieldhouse $1.7mil/5yrs Coolidge MS Roof $3.7mil/10yr Police Sta Improve $1.5mil/10yr Birch Mdw ES roof $1.9mil/10yr Within Levy Limit Bch Mdow Phase II $2.0mil/10yr Bldg Energy Improv I $5m/15yr Comm. Sustainability $1.0mil/10yr Bldg Energy Improv II $5m/15yr Town of ReadingDebt Service Schedule Haven St. Streetscape $750k/5yr 630,025566,302314,539112,500 1,131,367 new move out 5yrsmove out 5yrs assume 5%assume 5% 0 0 0 8,7004,500 73,200 73,20060,000 FY - 2039 Projected 0 0 0 9,000 96,400 96,40017,40070,000 FY - 2038 Projected 0 0 2,9002,900 26,10013,50080,000 122,500 119,600 FY - 2037 Projected 0 0 8,7008,700 34,80018,00090,000 151,500 142,800 FY - 2036 Projected 0 0 14,50014,500 43,50022,500 180,500 166,000100,000 FY - 2035 Projected 0 0 20,30020,300 52,20027,00010,000 219,500 199,200110,000 FY - 2034 Projected 0 0 5,000 27,55027,550 60,90031,50020,000 264,950 237,400120,000 FY - 2033 Projected 0 0 5,0004,5002,500 49,70037,700 69,60036,00010,00030,000 325,300 275,600130,000 FY - 2032 Projected 0 0 8,125 89,75050,75016,25014,625 10,20078,30040,50015,00040,000 413,750 324,000140,000 FY - 2031 Projected 0 0 7,0003,100 65,25028,75025,87514,375 20,40087,00045,00020,00050,000 516,750 144,350 372,400150,000 FY - 2030 Projected 0 0 9,400 21,00079,75041,25037,12520,625 30,60025,00060,000 484,750 209,150 275,600160,000 FY - 2029 Projected 0 0 7,500 35,00094,37515,80053,75048,37526,875 40,80030,00070,000 592,475 274,175 318,300170,000 FY - 2028 Projected 0 0 5,400 49,00022,20066,37559,62533,125 51,00035,00015,00080,000 705,850 344,850109,125 361,000180,000 FY - 2027 Projected 0 0 63,00028,60079,12510,80071,00039,375 40,00022,50090,000 758,275 415,775123,875 342,500190,000 FY - 2026 Projected 6,1885,2004,700 77,00035,00091,87516,20082,50045,750 44,700 44,70040,000 45,00030,000 873,338 498,338138,625 375,000200,000100,000 FY - 2025 Projected 152 3,0001,1525,2284,5081,560 91,10018,35641,40021,60094,00052,25010,40050,00037,50062,50080,00014,100 87,500 688,494 600,994153,375104,625 158,312 158,312 FY - 2024 Projected 0 452 9,0002,0529,4287,9582,880 30,11347,80027,00071,53914,30023,500 800,784 800,784105,300204,592143,025128,677 258,582 258,582121,750110,000 FY - 2023 Requested 752 3,3501,6502,9524,230 41,45654,30032,40015,00013,62811,40818,20032,900 313,844 313,844119,500 356,882 356,882179,000140,000 FY - 2022 Approved 6,7003,3002,0003,8525,5801,052 52,38860,94037,80021,00017,82815,00822,10042,300 376,676 376,676133,760 453,182 453,182234,250170,000 FY - 2021 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 10/13/22 16:22 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Interest Library Project $10+mil RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil RMHS Turf I $3.0mil/10yr Bldng Security $4mil/10yr Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr Excluded Debt RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Ec Dev Dwntn II $4.0mil/20yr RMHS Fieldhouse $1.7mil/5yrs Coolidge MS Roof $2.9mil/10yr Police Sta Improve $1.5mil/10yr Birch Mdw ES roof $1.5mil/10yr Within Levy Limit Bch Mdow Phase II $2.0mil/10yr Bldg Energy Improv I $5m/15yr Comm. Sustainability $1.0mil/10yr Bldg Energy Improv II $5m/15yr Town of ReadingDebt Service Schedule Haven St. Streetscape $750k/5yr 0000 0 000 0 0000 73,200 73,200 833,200760,000 760,000 833,200833,200 573,200260,000 833,200 FY - 2039 Projected 0000 0 000 0 0000 96,400 96,400 856,400760,000 760,000 856,400856,400 586,400270,000 856,400 FY - 2038 Projected 000 0 00 0 0000 122,500 122,500292,900292,900599,600280,000 879,600 FY - 2037 Projected 1,172,5001,050,000 1,050,000 1,172,5001,172,500 000 0 00 0 0000 151,500 151,500298,700298,700612,800290,000 902,800 FY - 2036 Projected 1,201,5001,050,000 1,050,000 1,201,5001,201,500 000 0 00 0 0000 180,500 180,500304,500304,500626,000300,000 926,000 FY - 2035 Projected 1,230,5001,050,000 1,050,000 1,230,5001,230,500 000 0 00 0 0000 219,500 219,500310,300310,300639,200520,000 FY - 2034 Projected 1,469,5001,250,000 1,250,000 1,469,5001,469,500 1,159,200 000 0 00 0 0000 264,950 264,950317,550317,550652,400640,000 FY - 2033 Projected 1,614,9501,350,000 1,350,000 1,614,9501,609,950 1,297,400 000 0 0 0 0000 325,300 325,300939,700327,700127,500665,000 FY - 2032 Projected 2,275,3001,950,000 1,950,000 2,275,3002,270,300 1,150,100 1,335,600 000 0 0 0 0000 413,750 413,750979,750340,750133,125690,000 FY - 2031 Projected 2,703,7502,290,000 2,290,000 2,703,7502,698,750 1,534,875 1,724,000 000 0 0 0 0000 516,750 516,750712,250139,375715,000 FY - 2030 Projected 3,311,7502,795,000 2,795,000 3,311,750 1,539,350 3,306,750 1,740,125 1,772,400 000 0 0 0 0000 484,750 484,750740,750145,625740,000 FY - 2029 Projected 2,724,7502,240,000 2,240,000 2,724,750 1,609,150 2,719,750 1,093,375 1,115,600 000 0 0 0 0000 592,475 592,475774,375151,875922,500 FY - 2028 Projected 2,987,4752,395,000 2,395,000 2,987,475 1,679,175 2,982,475 1,133,725 1,433,300 000 0 0 0 0000 705,850 705,850803,125158,125955,000 FY - 2027 Projected 3,240,8502,535,000 2,535,000 3,240,850 1,889,850 3,235,850 1,319,600 1,481,000 000 0 0 0 0000 758,275 758,275831,875969,525164,375987,500 FY - 2026 Projected 2,958,2752,200,000 2,200,000 2,958,275 1,965,775 2,953,275 1,127,500 0000 44,700 918,038 873,338175,750 FY - 2025 Projected 4,818,0383,900,000 2,665,0001,235,000 3,538,338 2,513,338 1,279,700 1,279,700 3,533,338 1,196,8131,005,5751,155,200 1,279,700 1,279,700 1,165,000 000 846,806 688,494158,312182,250472,900 337,500 FY - 2024 6,066,8065,220,000 2,692,2002,527,800 3,380,694 3,043,194 2,686,112 2,686,112 3,375,694 1,242,8311,477,713 2,686,112 1,357,0121,329,100 Projected 000 0 800,784258,582197,939144,300 5,978,3664,919,000 2,445,0002,474,000 1,059,3663,245,784 3,245,784 2,732,582 2,732,582 3,245,784 1,317,3041,586,240 2,732,582 1,364,0821,368,500 FY - 2023 Requested 0000 0 670,726 313,844356,882950,956864,688148,200 4,755,7264,085,000 1,650,0002,435,000 1,963,844 1,963,844 2,791,882 2,791,882 1,963,8442,791,882 1,383,9821,407,900 FY - 2022 Approved 0000 0 829,858 376,676453,182984,148152,100 4,984,8584,155,000 1,760,0002,395,000 2,136,676 2,136,676 2,848,182 2,848,182 2,136,676 1,000,428 2,848,182 1,400,8821,447,300 FY - 2021 Approved IssuedIssued Town BuildingsTown Buildings 10/13/22 16:22 School BuildingsSchool Buildings Excluded DebtExcluded Debt Within Levy LimitWithin Levy Limit Not yet approved (NYA)Not yet approved (NYA) Community ImprovementsCommunity Improvements Approved not issued (ANI)Approved not issued (ANI) General Fund: Excluded Debt Energy/Safety ImprovementsEnergy/Safety Improvements Within Levy Limit Town of ReadingDebt Service SchedulePrincipalInterestDebt SummaryInside Tax LevyExcluded From Tax Levy new move out 5yrsmove out 5yrs$5m bond bill 00 0 0 0 833,200 833,200378,700194,500260,000 FY - 2039 Projected 000 0 0 856,400 856,400387,400199,000270,000 FY - 2038 Projected 00 0 0 292,900292,900 879,600396,100203,500280,000 FY - 2037 Projected 1,172,500 00 0 0 298,700298,700 902,800404,800208,000290,000 FY - 2036 Projected 1,201,500 00 0 0 304,500304,500 926,000413,500212,500300,000 FY - 2035 Projected 1,230,500 00 0 0 0 310,300310,300 422,200217,000310,000210,000 FY - 2034 Projected 1,469,500 1,159,200 00 0 0 317,550317,550 430,900221,500100,000320,000220,000 FY - 2033 Projected 1,614,950 1,297,400 00 0 0 939,700327,700255,000229,500127,500 439,600226,000105,000330,000230,000 FY - 2032 Projected 2,275,300 1,335,600 00 0 0 979,750340,750266,250239,625133,125 350,200448,300230,500110,000340,000240,000 FY - 2031 Projected 2,703,750 1,724,000 00 0 0 357,000355,250158,100278,750250,875139,375 360,400457,000235,000115,000350,000250,000 FY - 2030 Projected 3,311,750 1,539,350 1,772,400 00 0 0 371,000369,750169,400291,250262,125145,625 370,600120,000360,000260,000 FY - 2029 Projected 2,724,750 1,609,150 1,115,600 0 0 0 385,000389,375175,800303,750273,375151,875157,500 380,800125,000370,000270,000 FY - 2028 Projected 3,112,475 1,679,175 1,433,300 0 0 0 399,000404,125182,200321,375140,400284,625158,125165,000 391,000130,000380,000280,000 FY - 2027 Projected 3,370,850 1,889,850 1,481,000 0 0 0 413,000418,875188,600334,125145,800301,000164,375172,500 135,000390,000290,000 FY - 2026 Projected 3,093,275 1,965,775 1,127,500 0 427,000336,188433,625195,000346,875151,200312,500175,750135,200180,000239,700 140,000400,000300,000 FY - 2025 Projected 3,678,338 2,513,338 1,279,700 1,279,7001,040,000 1,165,000 0 3,952 29,94240,560 446,100348,356448,375201,400359,625156,600324,000153,000135,938117,208182,250140,400187,500249,100 337,500145,000 FY - 2024 3,380,694 3,043,194 2,686,112 2,686,1121,312,5001,080,000 Projected 0 0 32,05246,88010,452 460,300360,113496,892207,800394,325162,000358,677159,000149,428122,958197,939144,300258,500 3,245,784 3,245,784 2,732,582 2,732,5821,306,7501,110,000 FY - 2023 Requested 0 0 70,35034,65032,95249,23010,752 474,500371,456219,300167,400165,000153,628126,408148,200267,900 1,963,844 1,963,844 2,791,882 2,791,8821,324,0001,140,000 FY - 2022 Approved 0 0 73,70036,30033,85250,58011,052 491,760382,388227,940172,800102,000171,000157,828135,008152,100277,300 2,136,676 2,136,676 2,848,182 2,848,1821,339,2501,170,000 FY - 2021 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 10/13/22 16:22 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Library Project $10+mil RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil RMHS Turf I $3.0mil/10yr Bldng Security $4mil/10yr Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr Excluded Debt RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Ec Dev Dwntn II $2.0mil/20yr Principal + Interest RMHS Fieldhouse $1.7mil/5yrs Coolidge MS Roof $2.9mil/10yr Police Sta Improve $1.5mil/10yr Birch Mdw ES roof $1.5mil/10yr Within Levy Limit Bch Mdow Phase II $2.0mil/10yr Bldg Energy Improv I $5m/15yr Comm. Sustainability $1.0mil/10yr Bldg Energy Improv II $5m/15yr Town of ReadingDebt Service Schedule Haven St. Streetscape $750k/5yr 750,000 4,377,3002,521,3002,270,0001,261,4003,000,000 new move out 5yrsmove out 5yrs 0 0 0 760,000 760,000370,000190,000200,000 FY - 2039 Projected 0 0 0 760,000 760,000370,000190,000200,000 FY - 2038 Projected 0 0 290,000290,000 760,000370,000190,000200,000 FY - 2037 Projected 1,050,000 0 0 290,000290,000 760,000370,000190,000200,000 FY - 2036 Projected 1,050,000 0 0 290,000290,000 760,000370,000190,000200,000 FY - 2035 Projected 1,050,000 0 0 290,000290,000 960,000370,000190,000200,000200,000 FY - 2034 Projected 1,250,000 0 0 290,000290,000 370,000190,000100,000200,000200,000 FY - 2033 Projected 1,350,000 1,060,000 0 0 890,000290,000250,000225,000125,000 370,000190,000100,000200,000200,000 FY - 2032 Projected 1,950,000 1,060,000 0 0 890,000290,000250,000225,000125,000 340,000370,000190,000100,000200,000200,000 FY - 2031 Projected 2,290,000 1,400,000 0 0 350,000290,000155,000250,000225,000125,000 340,000370,000190,000100,000200,000200,000 FY - 2030 Projected 2,795,000 1,395,000 1,400,000 0 0 350,000290,000160,000250,000225,000125,000 840,000340,000100,000200,000200,000 FY - 2029 Projected 2,240,000 1,400,000 0 0 350,000295,000160,000250,000225,000125,000150,000 990,000340,000100,000200,000200,000 FY - 2028 Projected 2,395,000 1,405,000 0 0 350,000295,000160,000255,000135,000225,000125,000150,000 990,000340,000100,000200,000200,000 FY - 2027 Projected 2,535,000 1,545,000 0 0 350,000295,000160,000255,000135,000230,000125,000150,000 650,000100,000200,000200,000 FY - 2026 Projected 2,200,000 1,550,000 350,000330,000295,000160,000255,000135,000230,000130,000130,000150,000235,000 650,000100,000200,000200,000 FY - 2025 Projected 2,665,000 2,015,000 1,235,000 1,235,0001,000,000 3,800 28,79039,000 355,000330,000295,000160,000255,000135,000230,000150,000130,710112,700130,000130,000150,000235,000 250,000100,000 FY - 2024 2,692,200 2,442,200 2,527,800 2,527,8001,250,0001,000,000 Projected 0 30,00044,00010,000 355,000330,000292,300160,000251,300135,000230,000150,000140,000115,000126,400130,000235,000 2,445,000 2,445,000 2,474,000 2,474,0001,185,0001,000,000 FY - 2023 Requested 67,00033,00030,00045,00010,000 355,000330,000165,000135,000150,000140,000115,000130,000235,000 1,650,000 1,650,000 2,435,000 2,435,0001,145,0001,000,000 FY - 2022 Approved 67,00033,00030,00045,00010,000 358,000330,000167,000135,000100,000150,000140,000120,000130,000235,000 1,760,000 1,760,000 2,395,000 2,395,0001,105,0001,000,000 FY - 2021 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 10/13/22 16:22 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Library Project $10+mil Principal RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil RMHS Turf I $3.0mil/10yr Bldng Security $4mil/10yr Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr Excluded Debt RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Ec Dev Dwntn II $4.0mil/20yr RMHS Fieldhouse $1.7mil/5yrs Coolidge MS Roof $3.7mil/10yr Police Sta Improve $1.5mil/10yr Birch Mdw ES roof $1.9mil/10yr Within Levy Limit Bch Mdow Phase II $2.0mil/10yr Bldg Energy Improv I $5m/15yr Comm. Sustainability $1.0mil/10yr Bldg Energy Improv II $5m/15yr Town of ReadingDebt Service Schedule Haven St. Streetscape $750k/5yr 630,025566,302314,539112,500 1,131,367 new move out 5yrsmove out 5yrs assume 5%assume 5% 0 0 0 8,7004,500 73,200 73,20060,000 FY - 2039 Projected 0 0 0 9,000 96,400 96,40017,40070,000 FY - 2038 Projected 0 0 2,9002,900 26,10013,50080,000 122,500 119,600 FY - 2037 Projected 0 0 8,7008,700 34,80018,00090,000 151,500 142,800 FY - 2036 Projected 0 0 14,50014,500 43,50022,500 180,500 166,000100,000 FY - 2035 Projected 0 0 20,30020,300 52,20027,00010,000 219,500 199,200110,000 FY - 2034 Projected 0 0 5,000 27,55027,550 60,90031,50020,000 264,950 237,400120,000 FY - 2033 Projected 0 0 5,0004,5002,500 49,70037,700 69,60036,00010,00030,000 325,300 275,600130,000 FY - 2032 Projected 0 0 8,125 89,75050,75016,25014,625 10,20078,30040,50015,00040,000 413,750 324,000140,000 FY - 2031 Projected 0 0 7,0003,100 65,25028,75025,87514,375 20,40087,00045,00020,00050,000 516,750 144,350 372,400150,000 FY - 2030 Projected 0 0 9,400 21,00079,75041,25037,12520,625 30,60025,00060,000 484,750 209,150 275,600160,000 FY - 2029 Projected 0 0 7,500 35,00094,37515,80053,75048,37526,875 40,80030,00070,000 592,475 274,175 318,300170,000 FY - 2028 Projected 0 0 5,400 49,00022,20066,37559,62533,125 51,00035,00015,00080,000 705,850 344,850109,125 361,000180,000 FY - 2027 Projected 0 0 63,00028,60079,12510,80071,00039,375 40,00022,50090,000 758,275 415,775123,875 342,500190,000 FY - 2026 Projected 6,1885,2004,700 77,00035,00091,87516,20082,50045,750 44,700 44,70040,000 45,00030,000 873,338 498,338138,625 375,000200,000100,000 FY - 2025 Projected 152 3,0001,1525,2284,5081,560 91,10018,35641,40021,60094,00052,25010,40050,00037,50062,50080,00014,100 87,500 688,494 600,994153,375104,625 158,312 158,312 FY - 2024 Projected 0 452 9,0002,0529,4287,9582,880 30,11347,80027,00071,53914,30023,500 800,784 800,784105,300204,592143,025128,677 258,582 258,582121,750110,000 FY - 2023 Requested 752 3,3501,6502,9524,230 41,45654,30032,40015,00013,62811,40818,20032,900 313,844 313,844119,500 356,882 356,882179,000140,000 FY - 2022 Approved 6,7003,3002,0003,8525,5801,052 52,38860,94037,80021,00017,82815,00822,10042,300 376,676 376,676133,760 453,182 453,182234,250170,000 FY - 2021 Approved IssuedIssued RMHS® Barrows® Wood End®Wood End® 10/13/22 16:22 West St. $1.3 mil Barrows/Wd End®Barrows/Wd End® Killam Green Repair Interest Library Project $10+mil RMHS/TLT $1.5mil/10yr Not yet approved (NYA)Not yet approved (NYA) Birch Mdw Green Repair Library Project $2.115mil RMHS Turf I $3.0mil/10yr Bldng Security $4mil/10yr Approved not issued (ANI)Approved not issued (ANI) ES Mod. class $1.2 mil/8yr RMHS Ret. Wall $500k/5yr Excluded Debt RMHS Turf II $2.225mil/10yr Parker MS Roof $2.7mil/10yr Ec Dev Dwntn II $4.0mil/20yr RMHS Fieldhouse $1.7mil/5yrs Coolidge MS Roof $2.9mil/10yr Police Sta Improve $1.5mil/10yr Birch Mdw ES roof $1.5mil/10yr Within Levy Limit Bch Mdow Phase II $2.0mil/10yr Bldg Energy Improv I $5m/15yr Comm. Sustainability $1.0mil/10yr Bldg Energy Improv II $5m/15yr Town of ReadingDebt Service Schedule Haven St. Streetscape $750k/5yr 3.20%3.85%3.00%3.00%3.00% Town of Reading Budget Summary One YrOne YrOne YrOne YrOne Yr 10/13/22 4:31 PMFinalChngProjectedChngProjectedChngProjectedChngProjectedChng No.FY22FY22FY23FY23FY24FY24FY25FY25FY26FY26 Revenues A1Total Property Taxes81,577,1204.5%84,403,1253.5%87,348,4193.5%89,033,5641.9%90,947,7112.1% A2Total Other Local Revenues6,995,000-2.6%7,790,00011.4%8,570,00010.0%8,955,0004.5%9,240,0003.2% A3Total Intergov't Revenues14,777,4711.6%15,165,8832.6%15,545,0302.5%15,933,6562.5%16,331,9972.5% A4Total Transfers & Available3,882,684-3.4%4,177,6477.6%4,259,2882.0%4,294,0890.8%4,380,8422.0% A98Revs before Free Cash$ 107,232,2753.28%$ 111,536,6554.01%$ 115,722,7373.75%$ 118,216,3092.15%$ 120,900,5502.27% A5Free Cash2,640,05226.8%2,539,000-3.8%2,075,000-18.3%2,325,00012.0%2,400,0003.2% A6Extra for Capital760,0000.0%686,000-9.7%675,000-1.6%675,0000.0%0-100% A99Net Available Revenues$ 110,632,3274.46%$ 114,761,6553.73%$ 118,472,7373.23%$ 121,216,3092.32%$ 123,300,5501.72% Accommodated Costs B Benefits19,088,5343.6%19,837,5003.9%20,834,6585.0%21,886,0645.0%23,039,7985.3% C Capital3,955,00071.6%3,086,000-22.0%2,963,000-4.0%3,009,5001.6%2,994,000-0.5% Debt (inside levy)1,963,844-8.5%3,245,78465.3%3,380,6944.2%3,538,3384.7%2,958,275-16.4% D Debt (excluded)2,792,043-2.0%2,732,582-2.1%2,686,112-1.7%1,279,700-52.4%0-100.0% E Energy2,010,5500.5%2,045,0001.7%2,105,0002.9%2,180,0003.6%2,250,0003.2% F Financial1,010,000-1.9%1,092,0008.1%1,112,0001.8%1,132,0001.8%1,152,0001.8% G Education - Out of district5,446,2502.3%5,580,0002.5%5,803,2004.0%6,035,3284.0%6,276,7414.0% H Education - Vocational788,00043.3%870,00010.4%904,8004.0%1,140,99226.1%1,186,6324.0% J Miscellaneous3,340,650-5.6%3,430,0542.7%3,508,8052.3%3,589,8222.3%3,698,1693.0% K Community Priorities150,0000.0%00.0%150,0000.0%150,0000.0%150,0000.0% L1Accommodated Costs$ 40,544,8713.72%$ 41,918,9203.39%$ 43,448,2693.65%$ 43,941,7431.14%$ 43,705,614-0.54% L2Net Accommodated Costs$ 40,544,8713.72%$ 41,918,9203.39%$ 43,448,2693.65%$ 43,941,7431.14%$ 43,705,614-0.54% $ 4,403$ 986$ 378$ 2,523 Operating Costs OC1Municipal Gov't Operating 23,888,3743.20% 25,262,9393.85% 26,203,1373.00% 26,989,2313.00% 27,798,9083.00% adjustments 438,000 177,000 adjustments (EF+RF) 1,150,7273.20% 1,195,0303.85% 1,230,8813.00% 1,267,8083.00% 1,305,8423.00% TOTAL Muni Govt OPER 25,477,1015.01% 26,634,9694.54% 27,434,0193.00% 28,257,0393.00% 29,104,7503.00% OC2School Operating 44,249,7483.20% 45,953,3633.85% 47,589,4643.00% 49,017,1483.00% 50,487,6623.00% adjustments 250,000 TOTAL School OPER 44,249,7483.20% 46,203,3634.41% 47,589,4643.00% 49,017,1483.00% 50,487,6623.00% OC4Operating Budgets$ 69,726,8493.85%$ 72,838,3334.46%$ 75,023,4823.00%$ 77,274,1873.00%$ 79,592,4133.00% Municipal Gov't Operating36.5%36.6%36.6%36.6%36.6% School Operating63.5%63.4%63.4%63.4%63.4% TOTAL SPENDING$ 110,271,7193.80%$ 114,757,2534.07%$ 118,471,7513.24%$ 121,215,9302.32%$ 123,298,0271.72% ` Muni Govt OPER$ 25,477,1015.01%$ 26,634,9694.54%$ 27,434,0193.00%$ 28,257,0393.00%$ 29,104,7503.00% Muni Govt ACCOM$ 5,401,050-2.41%$ 5,587,0003.44%$ 5,726,2502.49%$ 5,882,2782.72%$ 6,060,1363.02% Muni Govt TOTAL$ 30,878,1513.63%$ 32,221,9694.35%$ 33,160,2692.91%$ 34,139,3172.95%$ 35,164,8863.00% School OPER$ 44,249,7483.20%$ 46,203,3634.41%$ 47,589,4643.00%$ 49,017,1483.00%$ 50,487,6623.00% School ACCOM$ 5,446,2502.28%$ 5,580,0002.46%$ 5,803,2004.00%$ 6,035,3284.00%$ 6,276,7414.00% School TOTAL$ 49,695,9983.10%$ 51,783,3634.20%$ 53,392,6643.11%$ 55,052,4763.11%$ 56,764,4033.11% ATown of ReadingOne YrOne YrOne YrOne YrOne Yr Revenues - Details ChangesProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng No.10/13/22 4:31 PMFY22FY22FY23FY23FY24FY24FY25FY25FY26FY26 Property Taxes Tax levy (within levy limit)77,955,8523.9%81,558,7664.6%84,536,3013.7%87,623,4593.7%90,813,4203.6% New Growth$ 1,613,676 66.8%$ 915,674-43.3%950,0003.7%975,0002.6%1,000,0002.6% Tax levy (debt exclusion)2,791,882-2.0%2,732,582-2.1%2,686,112-1.7%1,279,700-52.4%--100.0% Abatements and exemptions(784,290)4.7%(803,897)2.5%(823,995)2.5%(844,595)2.5%(865,709)2.5% A1Total Property Taxes81,577,1204.5%84,403,1253.5%87,348,4193.5%89,033,5641.9%90,947,7112.1% Other Local Revenues Motor Vehicle Excise3,750,0001.4%$ 3,945,0005.2%4,140,0004.9%4,345,0005.0%4,450,0002.4% Meals Tax365,00046.0%$ 440,00020.5%500,00013.6%500,0000.0%525,0005.0% Penalties/interest on taxes200,00025.0%$ 270,00035.0%300,00011.1%325,0008.3%350,0007.7% Payments in lieu of taxes375,000-2.6%$ 400,0006.7%425,0006.3%450,0005.9%465,0003.3% Charges for services1,870,000-6.5%$ 2,125,00013.6%2,300,0008.2%2,370,0003.0%2,450,0003.4% Licenses & permits125,000-10.7%$ 165,00032.0%180,0009.1%195,0008.3%205,0005.1% Fines30,000-60.0%$ 80,000166.7%100,00025.0%105,0005.0%105,0000.0% Interest Earnings200,000-46.7%$ 235,00017.5%475,000######500,0005.3%525,0005.0% Medicaid Reimbursement80,000-20.0%$ 130,00062.5%150,00015.4%165,00010.0%165,0000.0% A2Total Other Local Revenues6,995,000-2.6%7,790,00011.4%8,570,00010.0%8,955,0004.5%9,240,0003.2% Intergovernmental Revenue State Aid$ 14,777,4711.6%15,165,8832.6%15,545,0302.5%15,933,6562.5%16,331,9972.5% A3Total Intergov't Revenues14,777,4711.6%15,165,8832.6%15,545,0302.5%15,933,6562.5%16,331,9972.5% Operating Transfers and Available Funds Cemetery sale of lots25,0000.0%25,0000.0%25,0000.0%25,0000.0%25,0000.0% RMLD payment2,300,000-6.8%2,527,4429.9%2,550,0000.9%2,550,0000.0%2,600,0002.0% Enterprise Fund Support1,150,7273.2%1,195,0303.9%1,230,8813.0%1,267,8083.0%1,305,8423.0% School Revolving Funds100,000100%100,0000.0%100,0000.0%100,0000.0%100,0000.0% Premiums Reserve for Debt6,957-20%5,175-26%3,407-34%1,281-62%0-100% Overlay surplus300,000-14.3%325,0008.3%350,0007.7%350,0000.0%350,0000.0% A4Total Transfers & Available3,882,684-3.4%4,177,6477.6%4,259,2882.0%4,294,0890.8%4,380,8422.0% OPERATING REVENUES107,232,2753.28%111,536,6554.01%115,722,7373.75%118,216,3092.15%120,900,5502.27% A5Free Cash3,400,05263.3%3,225,000-5.1%2,750,000-14.7%3,000,0009.1%2,600,000-13.3% TOTAL REVENUES110,632,3274.46%114,761,6553.73%118,472,7373.23%121,216,3092.32%123,500,5501.88% Town of Reading Acc. Costs - Summary One YrOne YrOne YrOne YrOne Yr 10/13/22 4:31 PMChangesProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng No.FY22FY22FY23FY23FY24FY24FY25FY25FY26FY26 BBenefits 19,088,534 3.6% 19,837,500 3.9% 20,834,658 5.0% 21,886,064 5.0% 23,039,798 5.3% CCapital 3,955,000 3,086,000 2,963,000 3,009,500 2,994,000 Debt (inside levy) 1,963,844 33.0% 3,245,784 7.0% 3,380,694 0.2% 3,538,338 3.2% 2,958,275-9.1% DDebt (excluded) 2,791,882 2,732,582 2,686,112 1,279,700 - EEnergy 2,010,550 0.5% 2,045,000 1.7% 2,105,000 2.9% 2,180,000 3.6% 2,250,000 3.2% FFinancial 1,010,000-1.9% 1,092,000 8.1% 1,112,000 1.8% 1,132,000 1.8% 1,152,000 1.8% GEducation - Out of district 5,446,250 2.3% 5,580,000 2.5% 5,803,200 4.0% 6,035,328 4.0% 6,276,741 4.0% HEducation - Vocational 788,000 43.3% 870,000 10.4% 904,800 4.0% 1,140,992 26.1% 1,186,632 4.0% JMiscellaneous 3,340,650-5.6% 3,430,054 2.7% 3,508,805 2.3% 3,589,822 2.3% 3,698,169 3.0% KCommunity Priorities$ 150,000$ 150,000$ 150,000$ 150,000 TOTAL Accomm. COSTS$ 40,544,7103.7%$ 41,918,9203.4%$ 43,448,2693.6%$ 43,941,7431.1%$ 43,705,614-0.5% Town of ReadingOne YrOne YrOne YrOne YrOne Yr Acc. Costs - Details ChangesProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng BFY22FY22FY23FY23FY24FY24FY25FY25FY26FY26 B1Contributory Retirement5,568,5346.5%$ 5,785,5003.9%6,161,5586.5%6,562,0596.5%6,988,5936.5% B3OBRA fees & OPEB study40,0000.0%$ 40,0000.0%40,0000.0%40,0000.0%40,0000.0% B4OPEB contribution100,0000%$ 500,000400.0%500,0000.0%500,0000.0%550,00010.0% B5Workers Compensation375,0006.5%$ 385,0002.7%395,0002.6%405,0002.5%405,0000.0% B6Unemployment Benefits75,000-21.1%$ 75,0000.0%80,0006.7%80,0000.0%85,0006.3% B7Group Health / Life Ins.11,800,0002.7%$ 11,922,0001.0%12,518,1005.0%13,144,0055.0%13,801,2055.0% B8Medicare / Social Security1,000,0001.3%$ 1,000,0000.0%1,005,0000.5%1,015,0001.0%1,025,0001.0% B9Police / Fire Indemnification130,0001.6%$ 130,0000.0%135,0003.8%140,0003.7%145,0003.6% B99Acc. Costs - Benefits$ 19,088,5343.6%$ 19,837,5003.9%$ 20,834,6585.0%$ 21,886,0645.0%$ 23,039,7985.3% C99Acc. Costs - Capital$ 3,955,00071.6%$ 3,086,000-22.0%$ 2,963,000-4.0%$ 3,009,5001.6%$ 2,994,000-0.5% D1Debt Service - Principal 4,085,000-1.7% 4,919,00020.4% 5,220,0006.1% 3,900,000-25.3% 2,200,000-43.6% D2Debt Service - Interest 670,726-19.2% 1,059,36657.9% 846,806-20.1% 918,0388.4% 758,275-17.4% D3Excluded debt (2,791,882)-2.0% (2,732,582)-2.1% (2,686,112)-1.7% (1,279,700)-52.4% --100.0% Total Included Debt$ 1,963,844-8.1%$ 3,245,78465.3%$ 3,380,6944.2%$ 3,538,3384.7%$ 2,958,275-16.4% Premiums for general fund$ --100%$ -#DIV/0!$ -#DIV/0!$ -#DIV/0!$ -#DIV/0! D99Acc. Costs -Debt$ 4,755,726-4.8%$ 5,978,36625.7%$ 6,066,8061.5%$ 4,818,038-20.6%$ 2,958,275-38.6% E1Street Lighting (DPW)150,0003.4%$ 130,000-13.3%135,0003.8%140,0003.7%145,0003.6% E2Electricty (FacCORE)873,000-0.2%$ 890,0001.9%915,0002.8%930,0001.6%945,0001.6% E3Natl Gas (FacCORE)635,0000.0%$ 650,0002.4%665,0002.3%700,0005.3%735,0005.0% E4Water/Sewer (FacCORE)187,5504.2%$ 200,0006.6%205,0002.5%215,0004.9%220,0002.3% E6Fuel - vehicles (DPW)165,0000.0%$ 175,0006.1%185,0005.7%195,0005.4%205,0005.1% E99Acc. Costs - Energy$ 2,010,5500.5%$ 2,045,0001.7%$ 2,105,0002.9%$ 2,180,0003.6%$ 2,250,0003.2% F1Casualty Ins (AD SVC)660,00017.9%$ 767,00016.2%787,0002.6%807,0002.5%827,0002.5% F2Vet's Assistance (PUB SVC)150,000-11.8%$ 125,000-16.7%$ 125,0000.0%$ 125,0000.0%$ 125,0000.0% F3FINCOM Reserve Fund200,000-33.3%$ 200,0000.0%200,0000.0%200,0000.0%200,0000.0% F99Acc. Costs - Financial$ 1,010,000-1.9%$ 1,092,0008.1%$ 1,112,0001.8%$ 1,132,0001.8%$ 1,152,0001.8% G1SPED transp OOD (Sch)1,391,2505.0%$ 1,035,000-25.6%1,076,4004.0%1,119,4564.0%1,164,2344.0% G2aSPED tuition OOD (Sch)5,355,0005.0%$ 5,575,0004.1%5,798,0004.0%6,029,9204.0%6,271,1174.0% G2bSPED contingency$ 470,000100.0%488,8004.0%508,3524.0%528,6864.0% G3SPED offsets OOD (Sch)(1,300,000)18.2%$ (1,500,000)15.4%(1,560,000)4.0%(1,622,400)4.0%(1,687,296)4.0% G99Acc. Costs - OOD SPED$ 5,446,2502.3%$ 5,580,0002.5%$ 5,803,2004.0%$ 6,035,3284.0%$ 6,276,7414.0% H1Voc School - NERMVS572,00025.7%$ 640,00011.9%665,6004.0%892,22434.0%927,9134.0% H2Voc School - Minute Man46,00031.4%$ 50,0008.7%52,0004.0%54,0804.0%56,2434.0% Voc School - Essex North170,000183.3%$ 180,0005.9%187,2004.0%194,6884.0%202,4764.0% H99Acc. Costs - Vocational$ 788,00043.3%$ 870,00010.4%$ 904,8004.0%$ 1,140,99226.1%$ 1,186,6324.0% J1Rubbish (DPW) 1,905,5003.0%$ 1,975,0003.6% 2,034,2503.0% 2,095,2783.0% 2,158,1363.0% J2Snow and Ice Control (DPW) 675,0000.0%$ 675,0000.0% 675,0000.0% 675,0000.0% 700,0003.7% J3State Assessments760,1503.4%$ 780,0542.6%799,5552.5%819,5442.5%840,0332.5% Cemetery (DPW) J99Acc. Costs - Misc.$ 3,340,650-5.6%$ 3,430,0542.7%$ 3,508,8052.3%$ 3,589,8222.3%$ 3,698,1693.0% 104,440,393108,804,073113,036,625119,134,347121,658,825 5,222,0205,440,2045,651,8315,956,7176,082,941 Total Town Govt30,878,1513.63%32,221,9694.35%33,160,2692.91%34,139,3172.95%35,164,8863.00% Total Schools49,695,9983.10%51,783,3634.20%53,392,6643.11%55,052,4763.11%56,764,4033.11% DRAFTSubsequent Town Meeting - November 2022DRAFT bƚǝĻƒĬĻƩ ЊЍΛaΜͳ ЊАΛŷΜͳ ЋЊΛaΜͳ aΛЋБΜ ЊЉΉЊЌΉЋЉЋЋ ğƭ ƚŅ ΏѢ Art. #Article DescriptionSponsorDetailsNotesReports Reports School Department Annual Update 1 Select Board FINCOM budget update done recently, but optional) defer to 2Instructions Select Boardlast night Amend the Capital Improvement Program FY23 - 3FY33 Select BoardPresentation - Fidel MaltezFINCOM 4 FINCOMPresentation - Fidel MaltezFINCOM Amend the FY23 Budget Approve Payment of Prior Presentation - Sharon Angstrom 5 Select BoardFINCOM Adopt MGL Ch. 44 55C, Affordable Housing Trust Fund, Allow Select Board to submit a Home Rule petition to dissolve AHTF Special Act and move the funds to the new Ch. 44 55c 6fund Select BoardPresentation - Fidel MaltezBYLAW Approve $2.2 Million for Begin on Feasibility Study for Killam Second School Presentation - Tom MilacheskwiNight 7 Select BoardFINCOM Allow Select Board and Town Manager to sign long term lease for cellular carriers at 8Auburn Water Tank Select BoardPresentation - Fidel MaltezFINCOM Allow Select Board to submit a Home Rule petition to extend 9senior tax abatement Select BoardPresentation - Victor SantanielloFINCOM Accept Chapter 59, Section 5, Clause 56 giving Active Begin on National Guard exemption Third 10from Board of Assessors Select BoardPresentation - Victor SantanielloNightFINCOM Allow Select Board to submit a Home Rule petition to increase Begin on Board of Health from 3 to 5 Third members Presentation - Board of HealthNight 11 Select BoardFINCOM Adopt bylaw change to disallow Cemetery Board of dogs in the cemeteries TrusteesPresentation - Cemetery Board of Trustees 12 BYLAW Special Act to Allow Assistant Fire Chief Delsignore to continue employment until the 13age of 66 Select BoardPresentation - Fidel MaltezFINCOM Debt Authorization MWRA LWSAP Program Presentation - Sharon Angstrom 14 Select BoardFINCOM Debt Authorization for Community Sustainability Project, Maillet, Sommes, Morgan Presentation - Sharon Angstrom 15 Select BoardFINCOM Debt Authorization for Haven 16Street Roadway Design Select BoardPresentation - Sharon AngstromFINCOM Parker Roof Additional Debt Authorization $500K Presentation - Sharon Angstrom 17 Select BoardFINCOM Modify and Transfer Funds into the Smart Growth Stabilization 18Fund Select BoardPresentation - Sharon AngstromFINCOM 19Purchase of Real Property Select BoardPresentation - Fidel MaltezFINCOM General Bylaws, Regulation of polystyrene & disposable food Climate Advisory Presentation - Reading Climate Advisory service containers CommitteeCommittee 20 Establish a new Permanent Trust Fund, The Laura S. 21Parsons Trust Fund Select BoardPresentation - Sharon AngstromFINCOM Green Communities Renewable Presentation - Reading Climate Advisory Energy Surcharge Committee 22 Select BoardFINCOM Require Downtown Business to Shovel Sidewalks Following a Snow Storm Presentation - Mary Parr 23 Citizen PetitionFINCOM COMMONWEALTH OF MASSACHUSETTS Middlesex, ss. Officer's Return, Town of Reading: By virtue of this Warrant, I ______________________________, on ____________, 2022 notified and warned the inhabitants of the Town of Reading, qualified to vote on Town affairs, to meet at the place and at the time specified by posting attested copies of this Subsequent Town Meeting Warrant in the following public places within the Town of Reading: Precinct 1 J. Warren Killam School, 333 Charles Street Precinct 2 Reading Police Station, 15 Union Street Precinct 3 Reading Municipal Light Department, 230 Ash Street Precinct 4 Joshua Eaton School, 365 Summer Avenue Precinct 5 Reading Public Library, 64 Middlesex Avenue Precinct 6 Barrows School, 16 Edgemont Avenue Precinct 7 Birch Meadow School, 27 Arthur B Lord Drive Precinct 8 Wood End School, 85 Sunset Rock Lane Town Hall, 16 Lowell Street The date of posting being not less than fourteen (14) days prior to Monday, November 14, 2022, the date set for Town Meeting in this Warrant. _____________________________________________ Constable A true copy Attest: _____________________________________________ Laura Gemme, Town Clerk TOWN WARRANT COMMONWEALTH OF MASSACHUSETTS Middlesex, ss. To any of the Constables of the Town of Reading, Greetings: In the name of the Commonwealth of Massachusetts, you are hereby required to notify and warn the inhabitants of the Town of Reading, qualified to vote in the Local Elections and Town affairs, to meet at the Reading Memorial High School Performing Arts Center, 62 Oakland Road, in said Reading, on Monday, November 14, 2022 at seven- and place the following articles are to be acted upon and determined exclusively by Town Meeting Members in accordance with the provisions of the Reading Home Rule Charter. ARTICLE 1 To hear and act on the reports of the Select Board, School Committee, Library Trustees, Municipal Light Board, Finance Committee, Bylaw Committee, Town Manager, Town Accountant and any other Town Official, Board or Committee. Select Board Background: This article appears on the Warrant for all Town Meetings. At this Subsequent Town Meeting, the following reports are anticipated: - ad hoc Reading ARPA Advisory Committee (RAAC) - ad hoc Reading Center for Active Living Committee (ReCalc) ARTICLE 2 To choose all other necessary Town Officers and Boards or Committees and determine what instructions shall be given to Town Officers and Boards or Committees, and to see what sum the Town will vote to appropriate by borrowing or transfer from available funds, or otherwise, for the purpose of funding Town Officers and Boards or Committees to carry out the instructions given to them, or take any other action with respect thereto. Select Board Background: This Article appears on the Warrant of all Town Meetings. There are no known Instructional Motions at this time. The Town Moderator requires that all proposed Instructional Motions be submitted to the Town Clerk prior to Town Meeting so that Town Meeting Members may be "warned" as to the subject of an Instructional Motion in advance of the motion being made. Instructional Motions are normally held until the end of all other business at Town Meeting. ARTICLE 3 To see if the Town will vote to amend the FY 2023-33 Capital Improvements Program as provided for in Section 7-7 of the Reading Home Rule Charter and as previously amended, or take any other action with respect thereto. Select Board Background: This Article is included in every Town Meeting Warrant. The Reading General Bylaw (section 6.1.3) states "No funds may be appropriated for any capital item unless such item is included in the Capital Improvements Program, and is scheduled for funding in the Fiscal Year in which the appropriation is to be made." Bond ratings agencies also want to ensure that changes to a long-term Capital Improvements Program (CIP) are adequately described. The following changes are proposed to the FY2023 FY2033 CIP (current year plus ten years): General Fund FY23: +$905,000 net changes (500k debt auth.) +$ 80,000 Firearms replacement +$ 60,000 Sturges park tennis & basketball courts +$ 65,000 Fire passenger car #1 (moved from FY24 increased from $50k to $65k) +$500,000 Parker MS roofing project (debt authorization) +$200,000 RMHS glycol reclamation & installation (Apr TM funding request) FY24: +$112,000 net changes - $120,000 RMHS/Rise playground improvements (moved to FY25) -$ 45,000 Carpenter's Ford F350 Pickup (2013) (moved to FY27) -$ 55,000 Schools - carpeting/flooring (moved to FY25) -$ 20,000 Schools - doors & windows (moved to FY25) -$ 30,000 Schools - Ed vehicle (moved to FY28) +$ 12,000 Fire passenger car # 2 (increased from $53k to $65k) -$ 40,000 Police unmarked vehicle (moved to FY 26) +$ 40,000 DPW truck#7 (2008) (increased from $200k to $240k) +$ 40,000 DPW truck#11(2008) (increased from $200k to $240k) +$ 40,000 Parks pickup truck #9 (2011) (increased from $60k to $100k) +$ 25,000 Parks/Cemetery Supervisor pickup (increased from $55k to $80k) +$ 55,000 Loader to replace Sicard (increased from $225k to $280k) +$ 60,000 Blower unit for loader (increased from $165k to $225k) +$175,000 Field, playground, court improvements (increased from $25k to $200k) - $ 25,000 General parking lot improvements (reduced from $50k to $25k) FY25+ Various other changes made Enterprise Funds Water FY23: None FY24: $5,000 net change +$ 5,000 Engineering vehicle (increased from $30k to $35k) FY25+ Various changes made Enterprise Funds Sewer FY23: None FY24: None FY25+ Various changes made Enterprise Funds Storm Water FY23: None FY24: None FY25+ Various changes made Finance Committee Report: The Finance Committee recommends the proposed amendments to the FY 2023 FY 2033 Capital Improvements Program by a vote of ____ at their meeting on _____. Placing items in the Capital Improvement Program is a prerequisite first step but in itself does not authorize spending funds toward these items. Bylaw Committee Report: No Report. ARTICLE 4 To see if the Town will vote to amend the Town's Operating Budget for the Fiscal Year commencing July 1, 2022, as adopted under Article 18 of the Annual Town Meeting of April 7, 2022; and to see if the Town will vote to raise and appropriate, borrow or transfer from available funds, or otherwise provide a sum or sums of money to be added to the amounts appropriated under said Article, as amended, for the operation of the Town and its government, or take any other action with respect thereto. Finance Committee Background: General Fund Wages and Expenses Account Line Description Decrease Increase B99 - Benefits Retirement Assessment -$145,000 $247,000 Worker's Compensation -$20,000 Health insurance -$80,000 C99 - Capital As described in Article 3 $205,000 E99 Regional Northeast Metro Regional Vocational $30,000 Vocational Education +$30,000 F99 FINCOM Veteran's Agent to full-time $30,000 Reserves G91 Administrative Pay & Class Wage Adjustments +$22,000 $22,000 Services Wages G92 Administrative Property & Casualty Insurance +$87,000 $2,000 Services expenses Pay & Class Expenses -$85,000 H91 - Public Services Vacation buyback $25,000 $90,000 Wages Sr. Center Receptionist to FT$22,000 Pay & Class Adjustments $43,000 J91- Public Safety Pay & Class Wage Adj. (Health) +$15,000 $20,000 Wages Pay &Class Wage Adj. (Police) +$ 5,000 I91 Finance Wages Vacation buyback +$8,000 $52,000 Treasurer transition (overlap) +$9,000 Pay & Class Wage Adjustments +$35,000 K91-Public Works Pay & Class Wage Adjustments +9,000 $9,000 Wages K92 Public Works Birch Meadow Complex Pedestrian, $40,000 Expenses Traffic Improvements Study +$40,000 L91- Library Wages Pay & Class Wage Adjustments +$23,000 $23,000 M92 Town Vacation/sick buyback +$13,000 $13,000 Buildings - Fac) Subtotals $247,000 $536,000 Net Operating Expenses $0 From Free Cash $275,000 Enterprise Funds Account Line Description Decrease Increase W99 Water EF Pay & Class Wage Adjustments $4,000 S99 Sewer EF Pay & Class Wage Adjustments $4,000 Subtotals $8,000 Net Operating Expenses $8,000 From Water EF Reserves $4,000 From Sewer EF Reserves $4,000 Finance Committee Report: At their meeting on ______, the Finance Committee voted ____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 5 To see if the Town will vote to raise and appropriate, transfer from available funds, borrow or otherwise provide a sum or sums of money to pay bills remaining unpaid from prior fiscal years for goods and services actually rendered to the Town, or take any other action with respect thereto. Select Board Background: There are no prior years' bills, this Article is expected to be tabled. Finance Committee Report: No Report. Bylaw Committee Report: No Report. ARTICLE 6 To see if the Town will vote to: (1) Authorize the Select Board, on behalf of the Town, to petition the General Court for passage of a special law to dissolve its existing affordable housing trust created by Chapter 140 of the Acts of 2001 and transfer all funds to the trust fund established pursuant to G.L. c.44, §55C at this Subsequent Town Meeting as set forth below; provided, however, that the General Court may make clerical or editorial changes of form only to the bill, unless the Select Board approves amendments to the bill before enactment by the General Court; and provided further that the Select Board is hereby authorized to approve amendments which shall be within the scope of the general public objectives of this petition; An act authorizing the Town of Reading to dissolve its Affordable Housing Trust Fund Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows: Whereas, Chapter 140 of the Acts of 2001 authorized the Town of Reading to establish an Affordable Housing Trust Fund; Whereas, in 2005, the legislature enacted Section 55C of Chapter 44 of the Massachusetts s municipalities to establish a local affordable housing trust, managed by a Board of Trustees; Whereas, the Municipal Affordable Housing Trust Fund Law presents significant and important opportunities for the creation and maintenance of affordable housing stock; Whereas, Reading Town Meeting voted to accept the Municipal Affordable Housing Trust Fund Law and adopt a bylaw establishing Board of Trustees at its meeting on November 14, 2022; And whereas, the Town of Reading hereby seeks to dissolve its existing affordable housing trust created by Chapter 140 of the Acts of 2001 and transfer all funds to the trust fund established pursuant to the Municipal Affordable Housing Trust Fund Law. SECTION 1. Chapter 140 of the Acts of 2001, An Act Authorizing the Town of Reading to Establish an Affordable Housing Trust Fund, is hereby repealed. SECTION 2. All properties and funds held by the Reading Affordable Housing Trust previously established under Chapter 140 of the Acts of 2001 is hereby transferred to the Reading Affordable Housing Trust established pursuant to G.L. c. 44, s. 55C and shall only be managed, disposed of, or expended in accordance with said Section 55C. SECTION 3. This act shall take effect upon the posting or publication, by the Town Clerk in accordance with G.L. c. 40, s. 32, an amendment to the Reading General Bylaws to establish an affordable housing trust for the Town of Reading under the authority of G.L. c. 44, s. 55C. (2) Accept G.L. c.44, §55C, to establish a trust to be known as the Reading Affordable Housing Trust Fund, whose purpose shall be to provide for the creation and preservation of housing that is affordable in the Town of Reading for the benefit of low and moderate income households; (3) Insert a new Section 3.3.7, Affordable Housing Trust, in the General Bylaws, as follows; 3.3.7 Affordable Housing Trust 3.3.7.1 Purpose. Pursuant to the authority of Chapter 44, Section 55C of the Massachusetts General Laws, there is hereby created a local municipal affordable housing trust to be known as the Reading Affordable Housing Trust, e to provide for the creation and preservation of housing that is affordable in the Town of Reading for the benefit of low and moderate income households. 3.3.7.2 Membership. There shall be a Board of Trustees of the Reading Affordable Housing Trust, here members. The voting members shall be appointed by the Select Board and shall include a member of the Select Board, a member of the Reading Housing Authority, and three other members, each of whom, to the extent possible, shall have a background or interest in affordable housing, finance, law, including land use and zoning law, real estate, or real estate development. 3.3.7.3 Term. The Select Board shall appoint the Trustees for a term of two years, except that three of the initial trustee appointments shall be for a term of one year, provided said Trustees may be re-appointed at the discretion of the Select Board. Vacancies shall be filled by the Select Board for the remainder of the unexpired term. Any member of the Board of Trustees may be removed by the Select Board for cause after the opportunity of a hearing. 3.3.7.4 Declaration of Trust. The Board of Trustees is hereby authorized to execute a Declaration of Trust and Certificate of Trust for the Reading Affordable Housing Trust to be recorded with the Middlesex Registry of Deeds and filed with the Middlesex Registry District of the Land Court. 3.3.7.5 General Duties. The Board of Trustees shall have the following powers, all of which shall be carried on in furtherance of the purposes set forth in G.L. c.44, §55C, except that the Board of Trustees shall obtain prior approval of the Select Board to borrow money, mortgage or pledge trust assets, or purchase, accept, sell, lease, exchange, transfer, abandon, or convey any interest in real or personal property: a. To accept and receive real property, personal property or money, by gift, grant, contribution, devise or transfer from any person, firm, corporation or other public or private entity, including but not limited to money, grants of funds or other property tendered to the Trust in connection with any by-law or any general or special law or any other source; b. To purchase and retain real or personal property, including without restriction investments that yield a high rate of income or no income; c. To sell, lease, exchange, transfer, or convey any personal, mixed, or real property at public auction or by private contract for such consideration and on such terms as to credit or otherwise, and to make such contracts and enter into such undertaking relative to Trust property as the Board of Trustees deems advisable notwithstanding the length of any such lease or contract; d. To execute, acknowledge, and deliver deeds, assignments, transfers, pledges, leases, covenants, contracts, promissory notes, releases, grant agreements, and other instruments sealed or unsealed, necessary, proper, or incident to any transaction in which the Board of Trustees engages for the accomplishment of the purposes of the Trust; e. To employ advisors, consultants, and agents, including, but not limited to accountants, appraisers, and lawyers as the Board of Trustees deems necessary; f. To pay reasonable compensation and expenses to all advisors, consultants, and agents and to apportion such compensation between income and principal as the Board of Trustees deems advisable; g. To apportion receipts and charges between incomes and principal as the Board of Trustees deems advisable, to amortize premiums and establish sinking funds for such purpose, and to create reserves for depreciation depletion or otherwise; h. To participate in any reorganization, recapitalization, merger, or similar transactions; and to give proxies or powers of attorney with or without power of substitution to vote any securities or certificates of interest; and to consent to any contract, lease, mortgage, purchase or sale of property, by or between any corporation and any other corporation or person; i. To deposit any security with any protective reorganization committee, and to delegate to such committee such powers and authority with relation thereto as the Board of Trustees may deem proper and to pay, out of Trust property, such portion of expenses and compensation of such committee as the Board of Trustees may deem necessary and appropriate; j. To carry property for accounting purposes other than acquisition date values; k. To borrow money on such terms and conditions and from such sources as the Board of Trustees deems advisable, to mortgage and pledge Trust assets as collateral; any debt incurred by the Board of Trustees shall not constitute a pledge of the full faith and credit of the Town of Reading and all documents related to any debt shall contain a statement that the holder of any such debt shall have no recourse against the Town of Reading with an acknowledgement of said statement by the holder; l. To make distributions or divisions of principal in kind; m. To comprise, attribute, defend, enforce, release, settle, or otherwise adjust claims in favor or against the Trust, including claims for taxes, and to accept any property, either in total or partial satisfaction of any indebtedness or other obligation, and subject to the provisions of G.L. c. 44, §55C, to continue to hold the same for such period of time as the Board of Trustees may deem appropriate; n. To manage or improve real property; o. To abandon any property which the Board of Trustees determines not to be worth retaining; p. To hold all or part of the Trust property uninvested for such purposes and for such time as the Board of Trustees may deem appropriate; q. To make recommendations on proposals to Town Meeting, subject to approval by the Select Board, when such proposals create or support affordable housing for low- and moderate-income households; and r. To extend the time for payment of any obligation to the Trust. 3.3.7.6 Custodian of funds. The Town of Reading Treasurer shall be the custodian of the funds of the Trust. Any income or proceeds received from the investment of funds shall be credited to and become part of the fund. The Board of Trustees shall provide for an annual audit of the books and records of the Trust. Such audit shall be performed by an independent auditor in accordance with accepted accounting audit by the Board of Trustees, a copy shall be provided forthwith to the Select Board. (4) Amend language, as follows: 3.3.1.5 Term of Office The term of office of each member of boards, committees and commissions shall commence on July 1 in the year of appointment, and shall expire on June 30 in the third following calendar year, except the terms of the members of the Reading Housing Authority are for five (5) years and the members of the Reading Affordable Housing Trust are for two (2) years. (5) authorize the Reading Affordable Housing Trust Fund Board of Trustees to file a declaration and certification of trust with the registry, which it may amend on its own initiative. or take any other action with respect thereto. Select Board Background: During our Annual Town Meeting in April 2022, Town Meeting passed an investigate the creation of a permanent committee to oversee the Affordable Housing Trust and committee in accordance with Massachusetts General Law Chapter 44 Section 55C. This new committee will have 5 members appointed by the Select Board to serve for 2-year terms. The committee must have at least one member from the Select Board and one member from the Board of the Reading Housing Authority. It is critical that the Housing Authority be aligned with the work of this committee. We feel that this new structure sufficiently addresses the instructional motion passed by Town Meeting. Finance Committee Report: At their meeting on _____, the Finance Committee voted ___ to recommend this Article to Town Meeting. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5-0 to recommend this Article to Town Meeting. ARTICLE 7 To see if the Town will vote to appropriate, borrow or transfer from available funds, an amount of money to be expended under the direction of the Killam School Building Committee for a feasibility study to consider the repair, addition and renovation, or replacement of the J. Warren Killam Elementary School, located at 333 Charles Street, As Map Parcel 41-19, for which feasibility study the Town may be eligible for a grant from the Massachusetts School Building Authority, and further, that the is a non-entitlement, discretionary program based on need, as determined by the MSBA, and any costs the Town incurs in connection with the feasibility study in excess of any grant approved by and received from the MSBA shall be the sole responsibility of the Town; or take any other action with respect thereto. Select Board/School Committee Background: The Killam Elementary School opened in 1969 and has not undergone any significant renovations since opening. While the facility has been well-maintained, it is now 53 years old and has a number of deficiencies. The building is not fully ADA-compliant, including bathrooms and entry points to some classrooms and common areas. The water fountains have been unusable for years due to lead levels, requiring the district to provide drinking water through expensive and wasteful water bottles. Many of the windows and doors are original to the school, so they are not energy efficient and create challenges with maintaining comfort levels. There is a fire alarm system, but no fire suppression system. Sightlines to the main doors are poor, presenting a security concern. Due to the age of the foundation, there have been some issues with water infiltration. and common spaces are only accessible through other classrooms. The library / media center is building, which makes it difficult to maintain a quiet environment or use the space for special education or other services that may call for a degree of privacy. The needs of students and our understanding of how to provide appropriate interventions have changed over the many decades since Killam was built, and the building adequately support the space requirements for these needs. Tier 2 supports (such as small reading groups) are taking place in open settings, including hallways. Spaces originally intended for storage have been converted to offices and even learning spaces in some cases. It could be possible to address some of these deficiencies through smaller renovation projects, but given the scope of the needs, it is likely that any significant renovations would reach a This would trigger a number of compliance requirements that are currently grandfathered in (including ADA compliance). As a result, while renovations are a possible outcome of the MSBA process, a new building may be the more likely outcome. In March, Reading was fortunate to be invited by the Massachusetts School Building Authority (MSBA) to the Eligibility Period, opening the door to significant MSBA financial support for a renovation or rebuild of Killam. While the precise figures are to be determined, this program may provide reimbursement to the town for nearly half of the cost of any project. RPS and town staff have been working diligently over the last several months to meet the numerous requirements to graduate from the Eligibility Period into Modules 2-5, which will allow us to form a project team, conduct a feasibility study, develop a schematic design, and pursue town and MSBA approval to enter into an agreement around project scoping and funding. This warrant article is among the final requirements for advancing beyond the Eligibility Period specifically the Town Meeting as an indication to the MSBA that the town is likely to support a project that emerges from the design phase, and b) provides the funding required to proceed through Modules 2- for a number of analyses and studies related to the site that may be required. Finance Committee Report: At their meeting on ______, the Finance Committee voted ____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 8 To see if the Town will authorize the Select Board to execute one or more leases of space on the water tank and surrounding ground space, located on Town-owned -362, for the purpose constructing, installing, maintaining and operating wireless telecommunication facilities thereon for a term not to exceed twenty years on such terms and conditions as the Select Board deem appropriate, and further, to authorize the Select Board to relocat communications equipment from the temporary tower located on said Town-owned property to the water tank; or take any other action with respect thereto. Select Board Background: Town Meeting authorized the replacement of the Auburn Water Tank. Replacement of the water tank is underway, with the project being on schedule and on budget. The tank is designed to host 4 cellular carriers. In accordance with Massachusetts procurement law, the Town will issue a Request for Proposal (RFP) to lease space for carriers that would like to install their equipment on our water tank. The RFP makes for a competitive process that will result in the Town obtaining the best financial benefit possible. While we cannot mandate any carrier to respond to the RFP, we have been meeting with all carriers to ensure they are aware of when it will be published. We are requesting the ability to execute long term leases with these carriers, up to twenty years. This will further incentive the carriers to respond and will provide long term benefits to our Town and our residents. Finance Committee Report: No Report. Bylaw Committee Report: No Report. ARTICLE 9 To see if the Town will vote to authorize the Select Board, on behalf of the Town, to petition the General Court for passage of a special law, as set forth below; provided, however, that the General Court may make clerical or editorial changes of form only to the bill, unless the Select Board approves amendments to the bill before enactment by the General Court; and provided further that the Select Board is hereby authorized to approve amendments which shall be within the scope of the general public objectives of this petition; or take any other action with respect thereto. AN ACT AUTHORIZING THE TOWN OF READING TO ESTABLISH A MEANS TESTED SENIOR CITIZEN PROPERTY TAX EXEMPTION. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows: SECTION 1. There shall be an exemption from the property tax for each qualifying parcel of real property classified as class 1 residential in the town of Reading in an amount to be set annually by the select board as provided in section 3. The exemption shall be applied only to the domicile real property as defined by the board of assessors under the deed for the property and shall include a condominium unit. The exemption provided for in this act shall be in addition to any and all other exemptions allowed by the General Laws. SECTION 2. The board of assessors in the town of Reading may deny an application if they find the applicant has excessive assets that place the applicant outside of the intended recipients of the exemption under this act. Real property shall qualify for the exemption under section 1 if: (i) income would make the person eligible for the circuit breaker income tax credit under subsection (k) of section 6 of chapter 62 of the General Laws; (ii) the qualifying real property is owned by a single applicant not less than 65 years old at the close of the previous year or jointly by persons either of whom is not less than 65 years old at the close of the previous year and the other joint applicant is not less than 60 years old; (iii) the qualifying real property is owned and occupied by the applicant or joint applicants as their domicile; (iv) the applicant or at least 1 of the joint applicants has been domiciled and owned a home in the town for not less than 10 consecutive years before filing an application for the exemption; (v) the maximum assessed value of the qualifying real property is no greater than the income tax credit under subsection (k) of section 6 of chapter 62 of the General Laws as adjusted annually by the department of revenue; and (vi) the board of assessors has approved the application. SECTION 3. The select board of the town of Reading, shall annually set the exemption amount under section 1 at 100 per cent of the amount of the circuit breaker income tax credit under subsection (k) of section 6 of chapter 62 of the General Laws for which the applicant qualified in the previous year. The total amount exempted by this act shall be allocated proportionally within the tax levy on all residential taxpayers. SECTION 4. A person who seeks to qualify for the exemption under section 1 shall, before the deadline established by the board of assessors of the town of Reading, file an application, on a and assets as described in the application. The application shall be filed each year for which the applicant seeks the exemption. SECTION 5. No exemption shall be granted under this act until the department of revenue certifies a residential tax rate for the applicable tax year where the total exemption amount is raised by a burden shift within the residential tax levy. SECTION 6. This act shall expire 3 years after implementation of the exemption under this act. Select Board Background: This article is to petition the General Court for a 3-year extension of our current Senior Property Tax Exemption. The senior property tax exemption was fist approved at a Special Town Meeting on September 12, 2016. The senior property tax exemption was renewed at Subsequent Town Meeting in 2019. At this Town Meeting, we are asking to allow the Select Board to submit a Home Rule Petition to our renew our exemption for another 3 years. Reading has been a model community for Senior Property Tax Exemption; our Assessor will present to Town Meeting his ongoing advocacy to make this exemption part of permanent law. To be eligible for the Reading property tax exemption, the senior: (1) has filed and been deemed eligible for a prior year Schedule CB (Circuit Breaker) for the purpose of state income taxes; and (2) has owned property in Reading for at least ten previous consecutive years; and (3) applies annually to the Board of Assessors for the exemption; and (4) the co-applicant be at least 60 years of age 2016-2019 The CB state income tax break serves as the basis for determining the local property tax relief. In the first iteration of the Senior Property Tax Exemption program, the Select Board annually, at their Tax Classification Hearing (usually in October, to be effective the following July), set the exemption between 50% and 200% of the Schedule CB income tax relief. The exact % multiplier was determined by how many seniors qualify for the exemption, and the total amount of senior tax relief desired by the Board. Over the first three years of the program, an average of 180 applicants received a total tax break of $4,900 (over $1,600 annually). The default cost of these tax savings fell entirely to the remainder of the residential class. The Select Board split the commercial/industrial/personal property tax rate from the residential one for the first time in Reading, so that all classes of taxpayers shared in the cost of this Senior Tax Relief program. 20192022 In the second iteration of the Senior Property Tax Exemption Program, the Home Rule Petition changed the 50% to 200% annual range to be voted by the Select Board and fixed it at 150%. The Board agreed to request this change, as a higher % had the undesirable effect of making some taxpayers ineligible in the following year, and a lower % was simply not enough financial assistance. No other changes were requested to the original program. 20232026 In this third iteration of the Senior Property Tax Exemption, we originally requested that the Home Rule Petition submitted in 2019 be fixed at 100%, originally fixed at 150% (section 3 above). This request was due to the impending passage of the Economic Development Bill which proposed to boost the maximum credit Senior circuit breaker, designed for seniors whose property taxes exceed a certain portion of their yearly income, from $1,170 to $2,340. Our State Delegation remains confident that the Economic Development Bill will pass in 2022. Lawmakers say this change would affect more than 100,000 taxpayers at a cost of $60 million across the Commonwealth. This increase in the Senior circuit breaker, while having a significant impact on seniors, would be better accommodat The 2019 Home Rule Petition request fixed at 150% would have the undesirable effect of making some taxpayers ineligible in the following year. No other changes were requested to the original program. Applicants Granted Factor Max Amt Shifted FY 2022 188 176 1.5x $1,695 $270,300 FY 2021 238 229 1.5x $1,725 $352,255.50 FY 2020 186 182 1.5x $1,650 $259,409 TOTAL 612 587 $881,964.50 Finance Committee Report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5-0 to recommend this Article to Town Meeting. ARTICLE 10 To see if the Town will vote to accept the provisions of Clause 56 of Section 5 of Chapter 59 of the Massachusetts General Laws, which authorizes the Board of Assessors to grant, real and personal property tax abatements up to 100 per cent of the total tax assessed to members of the Massachusetts National Guard and to reservists on active duty in foreign countries for the fiscal year they performed such service subject to eligibility criteria to be established by the Board. Select Board Background: Passage of this article would allow the Board of Assessors to provide tax relief for Members of the Massachusetts National Guard and to reservists called to active duty. As allowed by Massachusetts General Law, the Board of Assessors will establish an application process along with criteria to approve these exceptions. The Board of Assessors will establish a three-year sunset clause for these exceptions. Finance Committee Report: No Report. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5-0 to recommend this Article to Town Meeting. ARTICLE 11 To see if the Town will vote to authorize the Select Board, on behalf of the Town, to petition the General Court for passage of a special law, as set forth below; provided, however, that the General Court may make clerical or editorial changes of form only to the bill, unless the Select Board approves amendments to the bill before enactment by the General Court; and provided further that the Select Board is hereby authorized to approve amendments which shall be within the scope of the general public objectives of this petition; or take any other action with respect thereto. AN ACT RELATIVE TO THE BOARD OF HEALTH IN THE TOWN OF READING Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows: Section 1. Article 4.4 of the town of Reading home rule charter is hereby amended by striking out the first paragraph and inserting, in place thereof, the following: There shall be a Board of Health consisting of five (5) members appointed by the Board of Selectmen for three (3) year terms so arranged that at least one (1) term shall expire each year. Section 2. Within 30 days of passage of this act, the Board of Selectmen shall appoint two individuals to the Board of Health in accordance with Article 4.4 of the Charter and Section 1 of this act, provided, however, that one (1) member shall have an initial term of two (2) years. After that initial two (2) year term, all terms shall be for three (3) years. Section 3. This act shall take effect immediately upon its passage. Board of Health Background: Chapter 111 of the Massachusetts General Laws (MGL) directs towns to create a 3 member Board of Health to oversee the health of the community. MGL 30A is the basis for what is called the Open Meeting Law (OML) and regulates the appropriate legal behavior for local and state public bodies to ensure transparency of government. It is at the intersection of these two laws that issues have arisen in the efficient and collaborative work of the Board of Health in Reading that Article 11 attempts to address. Article 11 directs the Select Board to appeal to the state legislature for a special act petition to change the Town Charter to enable the Board of Health to have five full voting members instead of the current three members (and two associate non-voting members). Why change the composition of the Board of Health to five members? The Board has been discussing this potential change for the past year as a result of the stresses that the Board has endured in managing the COVID pandemic in the town. An assessment report by the Metropolitan that of the Health Department came to the same conclusion that a five member board would be preferable. There are three reasons to effectuate this change: 1. Better collaboration between the Board and other town processes. Currently, the Board can have only one member represented in a Town task force, committee, etc. because appointing two members requires posting the meeting as a Board of Health meeting (2 members meets the quorum requirement of the OML). This reduces the effectiveness and participation of the Board in matters where its expertise/input is required and where more than one member participation would be preferable. 2. Better communication between Board members. For the same quorum issue at it relates to the OML, two Board members cannot have a substantive communication phone, email outside of a formal Board meeting. This reduces the efficiency and efficacy of the Board as all communication between two Board members, other than simple one way information sharing or agenda/meeting logistics, is not allowed as two members involved in any conversation meets the definition of a Board quorum. Feedback, inquiries, exploration of topics, clarifications, etc. must either be discussed a Board meeting or awkwardly managed through a third party such as the Health Director outside of the ideas and facilitate good decision-making at Board meetings. 3. Fairness to volunteer Board members and Board member recruitment. Associate members who serve on the Board put in as much time and effort as voting Board members yet are unable to vote on issues important to them. As engaged volunteers from the community, this simply feels unfair to the associate members. It may also have a negative effect on the interest of qualified volunteers to serve on the Board as associate members. Other towns have increased Board of Health membership to five members including Needham, Bedford, Plymouth, North Andover, and Framingham and the Winchester Board chair is exploring this option. The Reading Board of Health strongly endorses Article 11. Submitted by the Board of Health. Finance Committee Report: No report. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5-0 to recommend this Article to Town Meeting. ARTICLE 12To see if the Town will vote to amend Section 8.8.3.2 of theGeneral Bylaws by: (1) inserting a new Section 8.8.3.2.3, as follows: Cemetery Grounds Except with the permission of the Board of Cemetery Trustees, no dog may be on the grounds of Charles Lawn, Forest Glen, Laurel Hill, or Wood End cemeteries. and (2) Renumbering the remaining sections accordingly; or take any other action with respect thereto. Board of Cemetery Trustees Background: The Board of Cemetery Trustees have adopted a policy that no dogs are allowed on cemetery grounds (except service animals). However, the Board of Cemetery Trustees cannot impose a fine if the policy is violated. By putting enforcement under Section 8.8 Animal Control, it would allow the Animal Control officer to impose up to a $300 fine ($50 for first offense, $100 for second offense and $300 for third and subsequent offense). The Board of Cemetery Trustees feels that this may deter those that ignore the signs that say no dogs allowed. The Board of Cemetery Trustees intends to move this Article with a slight amendment. The motion will seek to inset a new Section 8.8.3.2.3, as follows: Cemetery Grounds Except with the permission of the Board of Cemetery Trustees or its designee, no dog may be on the grounds of Charles Lawn, Forest Glen, Laurel Hill, or Wood End cemeteries. w Committee. We presently have a number of residents that do not restrain their dogs and do not pick up dog droppings and leave them for Town employees to clean up. This could be a health risk to employees. On behalf of the employees of the employees and the Board of Cemetery Trustees, we ask your support, thank you! Submitted by Bill Brown. Finance Committee Report: No Report. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5-0 to recommend this Article as amended to Town Meeting. ARTICLE 13 To see if the Town will vote to authorize the Select Board, on behalf of the Town, to petition the General Court for passage of a special law, as set forth below; provided, however, that the General Court may make clerical or editorial changes of form only to the bill, unless the Select Board approves amendments to the bill before enactment by the General Court; and provided further that the Select Board is hereby authorized to approve amendments which shall be within the scope of the general public objectives of this petition; or take any other action with respect thereto. AN ACT AUTHORIZING THE CONTINUED EMPLOYMENT OF ANTHONY DEL SIGNORE, THE ASSISTANT FIRE CHIEF OF THE TOWN OF READING Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows: SECTION 1. (a) Notwithstanding chapter 32 of the General Laws or any other general or special law to the contrary, Anthony Del Signore, Assistant Chief of the Fire Department of the town of Reading, may continue in service beyond the age of 65; provided, however, that Anthony Del Signore is mentally and physically capable of performing the duties of his office. The town may, at its own expense, require that Anthony Del Signore be examined by an impartial physician designated by the town to determine such capability. In no case, shall Anthony Del Signore remain in service as the Assistant Chief of the Fire Department past the date of February 29, 2024. This act shall not entitle Anthony Del Signore to remain in service to the town of Reading if otherwise removed or suspended from office in accordance with applicable laws, rules and regulations. (b) No further deductions shall be made from Anthony Del S regular compensation under chapter 32 of the General Laws for any service performed subsequent to reaching the age of 65. Upon his retirement, he shall receive a superannuation retirement allowance equal to that which he would have been entitled had he retired upon reaching age 65, if any. SECTION 2. This act shall take effect upon its passage. Select Board Background: Assistant Fire Chief Anthony Del Signore will turn age 65 on February 28, 2023. Mass General Law mandates that Public Safety employees retire at age 65. The Assistant Fire Chief has requested to work in his role for one year after this mandatory retirement date, or the age of 66. The Assistant Fire Chief has been with the Town of Reading for a significant period and is in great standing. Furthermore, as Assistant Fire Chief, he has a largely administrative role, supporting the daily operation of our Fire Department and our Fire Chief. The Assistant Chief has been in the position since January of 2021. By keeping the Assistant Fire Chief in the position for one more year it will provide continuity to our Fire Department and will allow us more time to select and train his replacement more thoroughly. Finally, Section (b) of the legislation request above, will cap the Assistant Fire Chief compensation as though he had retired at age 65. There is no additional retirement compensation because of this additional year of service. Finance Committee Report: No Report. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5-0 to recommend this Article to Town Meeting. ARTICLE 14To see if the Town will vote to appropriate a sum of money to pay costs of the construction and reconstruction of the water distribution system, including the payment of all incidental or related costs; to determine whether this amount shall be raised by borrowing or otherwise; to authorize the Town to apply for, accept and expend any federal or state grants that may be available for this project, or to take any other action with respect thereto. Select Board Background: to appropriate the sum of four million three hundred thousand dollars ($4,300,000) for the is to request $1.5M in additional funding for this project due to the increase in construction and material costs which resulted in higher bid prices. The Town was able to award the contract up to Alternate 1 but needs extra funds to cover any contingencies and traffic management. If the Town has enough resources remaining, Alternate 2, a critical railroad watermain jacking, will be Financial Assistance Program, a no-interest loan, to fund the $1.5M. In 2019, the Town of Reading selected Weston & Sampson to update the Water System Mater Plan which was spurred by the recent economic development in the Downtown area. Specifically, the Town wanted to ensure that there is enough hydraulic capacity to support the planned developments and identify any improvements necessary to provide adequate hydraulic capacity to the proposed development areas. Available fire flows in the economic development areas were modeled during maximum day demand (MDD) conditions and compared to the anticipated It was determined through the hydraulic analysis that pressures were above the required 35psi, but the existing infrastructure in the Downtown area did not have enough capacity to support the planned development. Some areas show less than 2,500 gpm at 20 psi, below the anticipated required fire flow. Finance Committee Report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 15 To see if the Town will vote to raise and appropriate, borrow, transfer from available funds or otherwise provide a sum or sums of money to pay the costs of constructing and improving the Maillet, Sommes, and Morgan stormwater systems, which will restore wetlands on Town-owned conservation land, provide significant new stormwater storage capacity, protect habitat for native species, and create walking trails, including the payment of any and all other costs incidental and related to thereto, or take any other action with respect thereto. Select Board Background: Regional Project History The Maillet, Sommes & Morgan Constructed Stormwater Wetland project arose from a regional planning process with the Mystic River Watershed Association (MyRWA), the Resilient Mystic Collaborative (RMC) and a number of associated municipalities. The efforts of the regional watershed effort is to reduce flooding in the downstream communities by creating offline storage and treatment areas upstream within the Mystic River Watershed. In FY19 the City of Cambridge and the RMC partnered on an MVP Action Grant award to identify and pursue site-specific green infrastructure projects for regional stormwater management and local co-benefits. Ranking, mapping and descriptions of each regional opportunity was conducted including the Maillet, Sommes & Morgan land. The Reading land was identified as a top five site in the region. This led to the pursuance and awarding of a subsequent FY20 MVP Action Grant through the town of Lexington and the RMC. This grant advanced the design of project specific sites in three communities, and the Maillet, Sommes, Morgan land was pushed to 75% design. During the design process a number of stakeholder and public engagement opportunities were conducted, including public hearings through the local Conservation Commission. The Cons Com issued an Order of Conditions for the project in August of 2021. Project Benefits/Why it was selected The Maillet, Sommes & Morgan land was identified as a top solution because the Mystic River headwaters begin at the Aberjona River (which runs through the land), it improves climate resilience for the region and local community, the natural slope of the land is ideal and, the co- benefits of the project design are needed in the area. The project proposes to capture and attenuate stormwater impacting the Aberjona River by creating adjacent offline storage areas. The overall objective is to reduce climate related in-land flooding upstream by increasing stormwater storage capacity through the construction of a series of stormwater wetlands that will also provide co-benefits of: stormwater treatment/water quality; improved ecological and stream stability; invasive species removal; additional open space and trail development (including ADA access); and parking. Stormwater would be diverted from the local roadways (i.e. Lowell Street) within an existing culvert as well as overland from the Aberjona River during high flow events. The wetland system would be designed to maintain a consistent water level by utilizing overflows and set elevations with an eventual discharge back into the Aberjona River. The Town of Reading will reduce local in-land flooding, which is being exasperated through climate change, in the adjacent residential neighborhoods, and be provided additional co-benefits described above. There are currently 35 properties along the Aberjona River within the 500-year storm flood zone. Regionally, the lower Mystic River communities will see reduced flooding impact and erosion; and, stormwater quality and runoff will be improved by filtering sediments and pollutants through the treatment train and series of wetlands and marshes. The project mitigates local and regional climate impacts through nature-based solutions and will turn a pre-existing non-accessible area into a vibrant, multi-use area with ADA accessible trails. Reading MVP History Reading was designated an MVP Community in 2020 after a public engagement process. The result was the Reading MVP Final Report and Risk Matrix. Both provide a summary of the strengths, weaknesses and priorities of the Town in relation to climate impacts on its public health, environment and infrastructure. How the project addresses established municipal priorities: Designing and constructing stormwater infiltration projects identified by MyRWA has been identified as a high local priority within the Reading MVP Community Resilience Building Summary of Findings. Addressing drainage issues within the Willow Street area was a separated high priority goal in the MVP Summary of Findings that this project addresses. The local Climate Advisory Committee attended the CRB workshops and has stated support of the project in recent meetings. The Climate Advisory Committees 2009 Action Plan recommends use Low Impact Development and stormwater treatment, a well-established goal in Town routinely recommended/required on new development projects. The 2013 Aberjona River Study, performed by AECOM, recommends a series of drainage improvements at the Maillet, Sommes, Morgan land and surrounding area. Further, the 2019 Assessment of Culverts and Flooding near Austin Preparatory School concludes with recommendations of assessing alternative drainage designs options at Austin Prep and the Aberjona River area, a goal which this project hits. Costs/Remaining Needs/Next Steps The $3,000,000 request is to ensure proper procurement, invoicing and payment procedures. With an estimated cost of $2,100,000 provided in 2021 it is expected that the materials for the project will exceed the original estimate. The project has been awarded $2,100,000 in MVP Grant Funding, however such also comes with a 25% municipal match requirement. The grant is also reimbursement based so the Town must have a mechanism to cover the original costs prior to the reimbursement. The Town appropriation will be utilized to cover a portion of the project match requirements and any construction contingency. Construction is expected to begin in Spring 2023 and run through June 2024. Finance Committee Report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 16 To see if the Town will vote to raise and appropriate, borrow, transfer from available funds or otherwise provide a sum or sums of money to pay the costs of Haven Street Roadway Design including the payment of any and all other costs incidental and related to thereto, or take any other action with respect thereto. Select Board Background: Since the onset of the Smart Growth District, the downtown has welcomed multiple redevelopment projects. One area the Town has seen significant development has been on Haven Street. In order to accommodate this growth, the Town has invested in an extensive utility improvement plan. Additionally, the need has risen to revitalize the Haven Street streetscape for better access for both vehicles and pedestrians. The goal would also be to activate the street to help improve economic growth with improved lighting and amenities to support local businesses. In 2019, the Town hired Beta Group, Inc. to develop a 25% conceptual plan for Haven Street. This conceptual plan included a full topographic survey, traffic analysis, and a 25% design. Beta Group was instrumental in the Main Street improvements and was asked to extend their design and input from Main Street to the Haven Street corridor. During the initial phase of the design, staff input was compiled and incorporated into a functioning conceptual plan. The result of this plan will be the basis in which the next design phase will build upon. In 2020 Beta Group provided an engineering budget which estimated the reconstruction of Haven Street to be approximately $7MIL. Beta Group also extended costs for the adjacent streets and Town owned parking lot. The next phase of design will advance from a 25% conceptual plan to a 100% design. This process will consist of public and stakeholder engagement through various formats including meetings. From this public involvement the final design will be rendered. The final design will be used to leverage any relevant grant opportunities, which would include Mass Works. The total cost to complete the design, public engagement, and provide grant application assistance is $750,000. Finance Committee Report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 17 To see if the Town will vote to raise and appropriate, borrow, transfer from available funds or otherwise provide a sum or sums of money to pay the costs of reconstructing and making extraordinary repairs, or replacing the Parker Middle School Roof, including the payment of any and all other costs incidental and related to thereto, or take any other action with respect thereto. Select Board Background: The Parker Middle School roof replacement project was originally scheduled during the summer of 2022 as part of the FY 23 Capital Plan. The town approved a debt authorization of 2.7 million dollars to complete this work. Design and Bidding documents were prepared with an intent to go out to bid in October of 2021. Due to supply chain issues many of the components to complete the work had long lead times and therefore a decision was made to A new plan was developed to go out to bid in October of 2022 and make an award no later than December of 2022. Construction will commence during July and be completed in August of 2022. Over the past two years price escalation of building materials has increased dramatically. At November town meeting Facilities is requesting an additional 500k to cover these increases allowing us to complete the project and maintain a safe contingency. Finance Committee Report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 18 To see if the Town will vote to: (1) Amend, pursuant to G.L. c.40, §5B, the purpose of the Smart Growth Stabilization Fund, so that the fund may hold all payments received from the Commonwealth of Massachusetts under Chapter 40R of the General Laws, including incentive and density bonus payments, said funds to be expended in accordance with said Chapter; And (2) Transfer $414,000 or any other sum from Free Cash into the Smart Growth Stabilization Fund, which funds the Town received from the Commonwealth of Massachusetts in ; or take any other action with respect thereto. Select Board Background: Article 18 includes an amendment to the purpose of the Smart Growth Stabilization Fund as well as a vote to transfer a recent payment from the Department of Housing and Community Development (DHCD) into the Fund. Pursuant to M.G.L. c. 40R, DHCD makes two types of payments to municipalities: zoning incentive payments and density bonus payments. The Smart Growth Stabilization Fund was created in 2008 for the purpose of holding the zoning incentive payment for the Reading Woods 40R project. In 2010, the purpose was expanded so the Fund could receive a zoning incentive payment for any project. Between 2008 and 2015, $503,000, comprised of both zoning incentive and density bonus payments, was deposited into the Fund. At this time, the Town would like to transfer a density bonus payment of $414,000 into the Fund. This payment is for the following 40R projects: The Postmark, Ace Flats, Rise475 and 14 Chapin Ave. The payment is calculated as $3,000 per net number of housing units. Though density bonus payments have been transferred into the Fund in prior years, Article 18 proposes first to amend the purpose of the Fund to expressly allow such an action, and then to transfer the aforementioned $414,000 into the Fund. Payments made into the Fund prior to 2016 can be used for any purpose; payments made into the Fund since 2016 are restricted for capital expenditures only. Finance Committee report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 19 To see if the Town will vote to: (1) Authorize the Select Board to acquire by gift, purchase, or eminent domain, 17 Harnden Street, Reading, shown as Assessor's Map Parcel 22-71, for municipal purposes, including senior and community center purposes, on such terms and conditions as the Select Board deems appropriate, and to authorize the Town Manager to take any and all actions and to enter into and execute any and all agreements and other documents as may be necessary or appropriate to accomplish the foregoing acquisition; And (2) Raise and appropriate, borrow, transfer from available funds or otherwise provide a sum or sums of money for the purposes of (i) acquiring said 17 Harnden Street, including all incidental or related costs, such funds to be administered by the Select Board, and (ii) renovating said 17 Harnden Street, including the costs of engineering and architectural services and all incidental or related costs; provided, however, that this appropriation and debt authorization shall be contingent upon passage of a Proposition 2½ Debt Exclusion ballot question pursuant to M.G.L. c. 59, §21C(k); Or take any other action with respect thereto. Select Board Background: This article was inserted into this Town Meeting Warrant in anticipation of the purchase of the vacant commercial property at 17 Harnden Street. This property was previously a Walgreens store but has been vacant for over eight years. The Select Board is actively negotiating with the property owner on this property. Finance Committee report: At their meeting on ______ the Finance Committee voted _____ to recommend this Article to Town Meeting. Bylaw Committee Report: No Report. ARTICLE 20 To see if the Town will vote to: (1) Add a new Section 8.14 to , as follows: 8.14 Regulation of polystyrene & disposable food service containers 8.14.1 Purpose The purpose of this bylaw is to limit the distribution of polystyrene food service containers and utensils by food establishments in the Town and to encourage establishments to switch to similar items made of healthier and more environmentally friendly materials, or to switch to reusable food service items, or to adopt other approaches that do not require such containers or utensils. 8.14.2 Definitions The following words shall, unless the context clearly requires otherwise, have the following meanings: 8.14.2.1 Director or the Public Health 8.14.2.2 -use disposable products used for serving, consuming or transporting food or beverages, including, but not limited to take-out foods or leftovers from partially consumed meals prepared by a restaurant or other food establishment. This includes, but is not limited to, plates, cups, bowls, trays, hinged or lidded containers, straws, cup lids, and cutlery. It shall also include single- use disposable packaging for uncooked foods prepared on the premises, as well as disposable catering trays. 8.14.2.3 serve, vend or otherwise provide food for human consumption as further defined in 105 CMR 590.002, including, but not limited to, restaurants, mobile food vendors, caterers, public and private schools, farmers markets, civic or religious centers or facilities, any building owned by the Town of Reading, and any establishment requiring a permit to operate in accordance with the State Food Code. 8.14.2.4 Blown polystyrene and expanded and extruded foams (sometimes insulation) also referred to as expanded polystyrene (EPS), which is Polystyrene is generally used to make opaque cups, bowls, plates, trays, clamshell containers, meat trays, and egg cartons; and Clear or solid Polystyrene is generally used to make clear clamshell containers, and clear or colored cups, plates, straws, lids, and utensils. Polystyr 8.14.3 Regulation 8.14.3.1 Food establishments within the Town shall be prohibited from using or distributing disposable food service containers made from foam polystyrene or rigid polystyrene, or polystyrene cutlery or other polystyrene single-use disposable products. 8.14.3.2 The following are exempt and not subject to the provisions of this bylaw: Prepackaged meat and produce trays, egg cartons, and other food or beverage products bought from or packaged by a supplier other than the Food Establishment. Any Polystyrene Disposable Food Service Containers or other food service items, such as picnic supplies, purchased by an individual for private use or for use at a private function held on property owned by the individual or any Polystyrene items unrelated to food service such as packaging peanuts or freezer chests. 8.14.4 Administration and Enforcement 8.14.4.1 The Director shall have the authority to administer and enforce this bylaw. In addition to any other means of enforcement, the provision of this bylaw and any regulations adopted pursuant thereto may be enforced by non- criminal disposition in accordance with the provisions of Section 1.8 of the hapter 40 Section 21D. 8.14.4.2 Food Establishments shall have fifteen (15) calendar days, after the date that a notice of violation is issued, to pay the penalty or request a hearing in writing to the Director. No more than one (1) penalty shall be imposed upon a Food Establishment within a fifteen (15) calendar-day period. 8.14.4.3 In the event that compliance with this bylaw is not feasible for a Food Establishment because of either unavailability of suitable alternative containers or economic hardship, the Director may grant a waiver of not representative. The Director may provide one (1) additional six-month waiver upon showing of continued infeasibility or hardship, as set forth above. 8.14.4.4 The Director may promulgate rules and regulations to implement this bylaw. 8.14.4.5This bylaw shall take effect six months after it is posted by the Town Clerk in accordance with G.L. c.40, §32. And (2) Amend the Table set forth in Section 1.8 (Non-Criminal Civil Disposition of Certain Violations of the Bylaw and any Rule or Regulation of a Town Officer, Board or Department) of the General Bylaws, by adding, after line 8.13, a new line as follows: Section Bylaw Title Enforcing Penalty Penalty Penalty Person First Second Additional Offense Offense Offenses 8.14 Regulation of Public Warning $50 $200 Polystyrene & Health Disposable Director Food Service Containers Or take any other action with respect thereto. Reading Climate Advisory Committee Background: This is a new bylaw for the Town of Reading that will prohibit food establishments within the Town from using or distributing disposable food service containers made from foam polystyrene or rigid polystyrene, or polystyrene cutlery or other polystyrene single-use disposable products. What is polystyrene? Polystyrene is a particular type of plastic. It may be labeled with the polystyrene and rigid polystyrene. which is actually a Dow Chemical Co. trademark.) It is commonly used to make opaque cups, bowls, plates, trays, clamshell containers, meat trays, and egg cartons. Rigid polystyrene is commonly used to make clear clamshell containers, and clear or colored cups, plates, straws, lids, and utensils. It is relatively strong and stiff but brittle. What is a polystyrene food service product? The bylaw addresses the kinds of items listed above that are provided as disposable, single-use cups, lids, plates, bowls, utensils, straws, clamshells, etc. for serving, consuming or transporting food or beverages for dining, take-out or delivery, or for leftovers from meals in a restaurant. What is the problem? Polystyrene is based on styrene, a neurotoxin and probable carcinogen. It is the only plastic used in food packaging that is based on a carcinogen. Polystyrene resin usually contains a small percentage of residual styrene that can leach out of the plastic. Styrene leaching increases with temperature and with certain foods (alcohol, oils or fat). Polystyrene items harm wildlife. The foam form is often mistaken as food by both domesticated and wild animals. Polystyrene is not biodegradable. It fragments through mechanical action and photodegradation in the presence of light; the process takes an estimated 200+ years to complete. Polystyrene is almost never recycled due to its low value. The bulky foam form is not accepted in curbside recycling programs. The rigid form even when collected curbside is never recycled. What is the fix? The purpose of this bylaw is to limit the distribution of polystyrene food service containers and utensils by food establishments in the Town and to encourage establishments to switch to similar items made of healthier and more environmentally friendly materials, or to switch to reusable food service items, or to adopt other approaches that do not require such containers or utensils. Appropriate alternative products are readily available from vendors and are already in common use. The same products are available in several other materials all of which are more eco-friendly and safer than polystyrene including alternative plastics that are recyclable. Indeed, the alternatives are more common in Reading than is polystyrene. Who is affected? This bylaw applies to food establishments which includes restaurants, mobile food vendors, caterers, public and private schools, farmers markets, civic or religious centers or facilities, any building owned by the Town of Reading, and any establishment requiring a permit to operate in accordance with the State Food Code. Will it hurt? Not much. Based on the recommendation from local businesses during our one-on-one engagement efforts, the Reading Climate Advisory Committee used a popular online, bulk retailer Webstaurant Store (www.webstaurantstore.com), to price generic takeout food containers. We have examined small and large items, purchased by the case, for polystyrene products and their alternatives. Prices were evaluated at a single case rate, and then a per unit price was calculated for comparison. The table shows the results and the differences on a per unit basis. Prices of cups which are intended to serve hot beverages includes the cost of paper sleeves. The table shows that the prices are comparable within pennies. Table 1: Cost comparison between polystyrene products and proposed alternatives Cost Cost dif. Item Description \[$/un.\] \[¢\] 8 oz. White Foam Coffee 8 oz. White Foam Cup - 1000/case Cup 0.049 8 oz. Paper Coffee Cup Choice 8 oz. White Poly Paper Hot Cup - 1000/case 0.036 Sleeve for 8 oz cup Choice 8 oz. Printed Coffee Cup Sleeve / Jacket / Clutch 0.026 + ¢ 1.30 20 oz. White Foam Cup Dart 20J16 20 oz. White Foam Cup - 500/Case 0.12 20 oz. Paper Coffee Cup Choice White Poly Paper Hot Cup - 20 oz. - 600/Case 0.08 20 oz. Paper Coffee Choice 10-24 oz. Printed Coffee Cup Sleeve / Jacket / Clutch - Sleeve 1200/Case 0.035 - ¢ 0.50 Polystyrene plate - 500/case 0.065 EcoChoice Sugarcane plate Plate - 500/case 0.086 + ¢ 2.10 Big Black Polystyrene Genpak SN200-BK 9" x 9" x 3" Black Hinged Lid Foam Takeout Container Container 0.23 Big Sugarcane Takeout EcoChoice Compostable Sugarcane / Bagasse 1 Compartment Container Take-Out Box 9" x 9" x 3" - 200/Case 0.22 - ¢ 1.00 Small Polystyrene Takeout Dart 50HT1 5" x 5" x 3" White Foam Hinged Lid Container - Container 500/Case 0.082 Small Sugarcane Takeout EcoChoice Compostable Sugarcane / Bagasse 5" x 5" x 3" Take- Container Out Container - 500/Case 0.11 + ¢ 2.80 Polystyrene Fork WeGo Black Polystyrene Fork Dispenser Refill - 1000/Case 0.037 Polypropylene Fork WeGo White Polypropylene Fork Dispenser Refill - 1000/Case 0.038 + ¢ 0.10 Visions Heavy Weight Black Wrapped Plastic Cutlery Pack with Polystyrene Cutlery Pack Napkin - 500/Case NOTE: 25% sale 0.06 Polypropylene Cutlery Choice White Medium Weight Wrapped Plastic Cutlery Pack Pack with Napkin and Salt / Pepper Packets - 500/Case 0.058 - ¢ 0.20 What is not covered? The following are not subject to the prohibitions of this bylaw: Prepackaged meat and produce trays, egg cartons, and other food or beverage products bought from or packaged by a supplier other than the food establishment. So, food purchased in polystyrene containers may be sold in those containers. There is no constraint on the sale of polystyrene food service items, such as picnic supplies, that are purchased by an individual for private use. There is no constraint on the sale of polystyrene items unrelated to food service such as packaging peanuts or freezer chests. When will this bylaw be implemented? The bylaw will become effective six months after it is posted which would mean summer 2023. It will be administered by the Public Health Director who can authorize six-month waivers for those who need them. Finance Committee report: No Report. Bylaw Committee Report: At their meeting on October 11, 2022, the Bylaw Committee voted 5- 0 to recommend this Article to Town Meeting. ARTICLE 21 To see if the Town will Trust to be administered by the Commissioners of Trust Funds, under the direction of the Council on Aging, and in st accordance with the wishes of the donor, as outlined in the Gift Agreement dated 1 day of June 2022; or take any other action in relation thereto. Select Board Background: The article request that the Town establishes The Laura S. Parsons Fund to be administered by the Commissioners of Trust Funds in the amount of $10,000. The principal balance of this gift will be preserved in perpetuity, and only the interest portion will be expended. The donor has requested that the Council on Aging determine the expenditure categories. The funds will not be spent on salaries or capital improvements. Finance Committee report: No Report. Bylaw Committee Report: No Report. ARTICLE 22 To see if the Town will vote to adopt a mandatory charge per kilowatt-hour pursuant to subsection (c) of section 20 of chapter 25 of the General Laws, or such other law as may be adopted, to qualify the Town as a green community under Section 10 of Chapter 25A of the General Laws; or take any other action related thereto. Select Board Background: 280 communities have been designated as Green Communities across Massachusetts. 5 criteria that a municipality must meet to qualify for designation as a Green Community Criteria 1 Adopt as-of-right siting Achieved 2 Adopt expedited permitting process Achieved 3 Create an Energy Reduction Plan to reduce energy Adopted and funded at Nov use by 20% in 5 years 2021 Town Meeting 4 Adopt a fuel-efficient vehicle purchase policy Adopted June 2021 5 Adopt the Energy Stretch Code Adopted at Nov 2020 Town Meeting Effective April 1, 2021 Last year the Town of Reading submitted its application to be designated a Green Community showing that we meet these criteria. But there is one more requirement. Green Communities must contribute to the Massachusetts Renewable Energy Trust Fund. To do this, all electricity customers must pay a charge of $0.0005/kilowatt-hour collected through their electric bills (approximately $3.00 to $4.00 per year for the average home). This charge is added to the bills of customers of Investor Owned Utilities (e.g., Eversource, National Grid) by state law. However, customers of Municipal Light Plants (like RMLD) are not automatically assessed this charge. So, it must be adopted and added by the MLP. RMLD cannot adopt this charge for Reading customers unless Reading Town Meeting approves it. If approved, the charge will be calculated and included in our electric bills from RMLD. With the implementation of the renewable energy surcharge for Town participation in Green Communities, we expect the average residential customer to pay an additional $0.41/month or $4.92/year, paid to MA CEC. Our local electric utility, RMLD, will collect the surcharge each month as part of monthly billing and pass it through to MassCEC. The surcharge is not a charge for RMLD electricity services. Where does our money go? All revenues generated by the mandatory charge are deposited into the Massachusetts Renewable Energy Trust Fund which is managed by the Massachusetts Clean Energy Center. The funds are used (i) to promote the increased availability, use and affordability of renewable energy; (ii) to improve existing renewable energy projects and facilities; and (iii) to foster the formation, growth, expansion and retention within the Commonwealth of renewable energy and related enterprises, institutions and projects. Much of it comes back to us in the form of grants, contracts, loans, investments, or rebates. What do we get back? In 2021, Green Communities awarded grants totaling $16.2M to 123 communities. Upon designation as a Green Community, Reading will receive a designation grant estimated at $160,000. Then we can apply for additional grants annually. Grants fund energy efficiency initiatives and renewable energy projects. bold) as Green Communities: Andover, Bedford, Belmont, Burlington, Canton, Danvers, Dedham, Lynnfield, Mansfield, Marshfield, Milton, Natick, North Reading, North Andover, Shrewsbury, Stoneham, Tewksbury, Wakefield, Walpole, Westborough, Westford, Wilmington, and Winchester. These communities have received on average $125,000 in grant funding annually. Designation Grant Funding Years Municipality Year to Date Designated 2010 Andover $1,018,664 12 2010 Dedham $459,713 12 2010 Milton $1,062,739 12 2010 Natick $2,195,953 12 2010 Winchester $1,536,060 12 2011 Bedford $981,668 11 2011 Tewksbury $1,310,471 11 2013 Westford $1,266,693 9 2014 Belmont $401,850 8 2017 Canton $564,996 5 2017 Marshfield $981,935 5 2017 North Andover $730,919 5 2017 Stoneham $819,615 5 2018 Shrewsbury $514,317 4 2018 Westborough $498,610 4 2020 Burlington $326,319 2 2021 Walpole $166,203 1 Finance Committee report: No Report. Bylaw Committee Report: No Report. ARTICLE 23 To see if the Town will vote to require that owners of all commercial buildings, residences having 3 or more units and Parking lots in the Downtown Walking District shovel public sidewalks down to the hard pavement and prevent or remove icy conditions in the entire width of the sidewalk by 9:00 AM after any snowstorm. Citizen Petition Background: Much has been done in recent decades by our merchants and Town to make our downtown an attractive alternative to mall shopping. Now, with state mandated 40R and 40B zoning rules and a change to a mixed residential status, it is time to upgrade safety for users of our downtown walking district in the winter. The DPW sidewalk plow is limited by trees, benches, signposts and trash receptacles. Nonlocal building owners seem to be unaware of the safety hazards of inadequately cleared icy sidewalks. Shoppers and residents with strollers, wheelchair users and dog walkers alike are forced into busy downtown traffic. Sidewalk shoveling has never been mandated in Reading. Finance Committee report: No Report. Bylaw Committee Report: No Report. and you are directed to serve this Warrant by posting an attested copy thereof in at least one (1) public place in each precinct of the Town not less than fourteen (14) days prior to November 14, 2022, or providing in a manner such as electronic submission, holding for pickup or mailing, an attested copy of said Warrant to each Town Meeting Member. Hereof fail not and make due return of this Warrant with your doings thereon to the Town Clerk at or before the time appointed for said meeting. th Given under our hands this __ day of ___________, 2022. _______________________ Mark L Dockser, Chair _______________________ Karen Gately Herrick, Vice Chair _______________________ Chris Haley, Secretary _______________________ Carlo Bacci _______________________ Jacqueline McCarthy SELECT BOARD OF READING _______________________________ , Constable Town of Reading Meeting Minutes 2016-09-22 LAG Board -Committee -Commission -Council: Finance Committee Date: 2022-09-21Time: 7:00PM Building: School - Memorial HighLocation: School Library Address: 62 Oakland RoadSession: Forum Purpose: Financial ForumVersion: Draft Attendees:Members -Present: Chair Ed Ross, Vice Chair Jeanne Borawski, Joe Carnahan, Geoffrey Coram, Joe McDonagh,Marianne McLaughlin-Downing (8:10 pm), Emily Sisson, Mark Zarrow Members -Not Present: Others Present: Sean Cronin DOR, Town Accountant Sharon Angstrom, Town Manager Fidel Maltez,School Superintendent Thomas Milaschewski, School Finance Director Susan Bottan,Facilities Director Joe Huggins (remote), Assistant Facilities Director Kevin Cabuzzi (remote), Assistant Town Manager Jean Delios (remote) School Committee Members: Carla Nazzaro, Erin Gaffen, TomWise (remote) Select Board Members: Jackie McCarthy, Karen Gately Herrick, Chris Haley (remote), Carlo Bacci (remote8:52 pm) Public: Nancy Docktor(remote) Minutes Respectfully Submitted By:Jacquelyn LaVerde Topics of Discussion: This meeting was held in-person at the Reading Memorial High School Library and remotely viaZoom. Chair Ed Ross call the meeting to order at 7:03 pm. Select Board Vice Chair Karen Gately Herrick called the Select Board to order. Municipal Finance Presentation followed by Q&A: Sean Cronin, Deputy Director of the Divisionof Local Services of the Department of Revenue, presented thebasics of municipal finance. He explained local revenue sources, limits on prop 2 ½,the levy limit formula and ceiling, calculation of new growth, debt and capital exclusions, state aid, reserve funds,and debt management. Mr. Cronin noted that the recommendedFree Cash to be maintained is 3%-5%of the annual budget, but shouldbe more like 6%-10%. The recommendedgeneralstabilization fund balance to maintainis between 3%-5%, butshouldalso be more like 6%-10%. Required policies include reserve policies, freecash policy, and Capital Improvement Plan policy. Inconsideration of whether a town can afford a new school, the first track is to think of debt exclusion or if it can be done within the levy. If a debt exclusion is needed, the town must Page |1 consider the impact of the tax billand other factors, and must always be transparent and have that information available. Marianne Downing called the Reading ARPA Advisory Committee meeting to order at 8:13 pm. Killam School Presentation: School Superintendent Tom Milaschewski provided a high-level overview of the upcoming Killam School Building project. He outlined the needs of the Killam community and building, the MSBA process, and the implications of Town Meeting. The current building has facility and programmatic needs. The building, originally built in 1969, has had no renovations. There are issues with lead in the drinking water, lack of ADA compliance, layout issues, limited electrical data connections, a need for large scale window and door replacements, and water infiltration during heavy rain. He explained the benefits of designing and rebuilding as opposed to revamping the current building including: addressing programmatic needs, small space needs for English learners, and the large demand for RISE. School Committee Member Carla Nazzaro reviewed the MSBA process and timeline, which consists of phases including: Phase I preparation and eligibility period; Phase II scope definition, which includes feasibility study, schematic design, and project funding; and Phase III scope monitoring, which includes design, construction and project completion. The total length of time for the project is approximately 3 ½ years. Ms. Bottan explained the $2.2 million request to Town Meeting for a feasibility study to hire an Owners Project Manager (OPM) to oversee all phases of the project. A lot of the $2.2 million is reimbursable by the MSBA. Town Finance Overview including projection of Free Cash, Revenue Projection and Budget Preview: Town Accountant Sharon Angstrom provided an overview of FY24 revenue projections. Property taxes are projected to increase 3.4% to $87.3 million, other local revenues increase 9.5% to $8.5 million, state aid increase 2.6% to $4.3 million, and free cash is yet to be determined. The latest free cash estimate is approximately $19.6 million. At November Town Meeting, there are three proposed requests for free cash totaling $2,889,000, which would leave approximately $16.8 million in free cash. With $1.7 million in the General Stabilization Fund, and $200,000 in the Finance Committee Reserve Fund, there is $18.72 million in total reserves, which is 16.2% of estimated FY24 revenue. She also provided overviews of current FY22 revenues and expenditures, five-year free cash analysis, projected FY23-FY25 accommodated costs, and capital and debt. The Committee reviewed and discussed projected free cash usage. School Finance Overview for FY2024: School Finance Director Susan Bottan presented the School Departments approach to budget development including: budget goals, budget objectives, budget process, and budget calendar. Discussion on Purchasing Property for a Senior Center: Town Manager Fidel Maltez reviewed the Instructional Motion issued by Town Meeting in April, which directed the Select Board to look at temporary solutions for the Senior Center. In June, the Select Board discussed issuing a Request for Proposals (RFP) with the hope that a vacant property in town would respond. The vacant Walgreens Building on Main Street responded with an offer to lease the building for $18,000 per month for the first nine years, and $36,000 per month for years nine through twenty. The Select Board discussed issuing another RFP to see what properties were available for purchase. One RFP was submitted for the Walgreens building for $7,000,000 with a $2,000,000 seller credit. The Town engaged an architect to prepare some preliminary layouts of the building. Page | 2 There is an article on theupcoming Subsequent Town Meeting Warrant in November that requests to authorize the Select Board to purchase the building. The second part of the Article requests to authorize the Select Board to put a question on the ballot for a debt exclusion, as there is no way to fit the purchase and renovation inside the levy. It is an estimated $7.3 million for renovations. Future Meeting Agendas: th The next Finance Committee meeting is scheduled for October 19, at which the Committee will review and recommend guidelines for the FY24 budget, and will vote on November th Town Meeting Warrant Articles. The second Financial Forum is scheduled for October 26, th and the agenda can be discussed at the meeting on the 19. Nancy Docktor of Pearl Street, and Town Meeting Member of Precinct 1, asked if the Finance Committee could list the Capital Projects that Town Meeting will be facing, and noted that staff salaries, particularly salaries should be part of the discussion. On a motion by Carlo Bacci, and seconded by Karen Gately Herrick, the Select Board voted 3-0-0 to adjourn at 10:15 pm, as Jackie McCarthy had already left the meeting. Roll call vote: Carlo Bacci Yes, Chris Haley Yes, Karen Herrick Yes. Approval of Minutes: August 17, 2022: Geoffrey Coram corrected Division of Local Standards to Division of Local Services. On a motion by Jeanne Borawski, seconded by Emily Sisson, the Finance Committee voted 8-0-0 to approve the meeting minutes of August 17, 2022 as amended. On a motion by Mark Zarrow, and seconded by Jeanne Borawski, the Finance Committee voted 8-0-0 to adjourn at 10:17 pm. Page | 3 Town of Reading, Massachusetts Proposed Elementary School $ Proposed Total Project Cost120,000,000 30.00%Proposed MSBA Share $ Proposed Local Share of Project Costs84,000,000 Est. Existing + Residential Existing Existing Projected Tax Rate Est. Impact Exempt Debt Exempt Debt Exempt Debt Impact per per $100,000 Fiscal YearServiceServiceService$1,000Home Value 20232,732,582 2,732,582 0.44 44.21 20242,686,112 2,686,112 0.43 43.46 20251,279,700 5,465,000 6,744,700 1.09 109.13 2026- 5,461,750 5,461,750 0.88 88.37 2027- 5,465,500 5,465,500 0.88 88.43 20285,465,750 5,465,750 0.88 88.44 20295,462,500 5,462,500 0.88 88.39 20305,465,750 5,465,750 0.88 88.44 20315,465,000 5,465,000 0.88 88.43 20325,465,250 5,465,250 0.88 88.43 20335,466,250 5,466,250 0.88 88.45 20345,462,750 5,462,750 0.88 88.39 20355,464,750 5,464,750 0.88 88.42 20365,461,750 5,461,750 0.88 88.37 20375,463,750 5,463,750 0.88 88.41 20385,465,250 5,465,250 0.88 88.43 20395,466,000 5,466,000 0.88 88.44 20405,465,750 5,465,750 0.88 88.44 20415,464,250 5,464,250 0.88 88.41 20425,466,250 5,466,250 0.88 88.45 20435,461,250 5,461,250 0.88 88.37 20445,464,250 5,464,250 0.88 88.41 20455,464,500 5,464,500 0.88 88.42 20465,461,750 5,461,750 0.88 88.37 20475,465,750 5,465,750 0.88 88.44 20485,465,750 5,465,750 0.88 88.44 20495,461,500 5,461,500 0.88 88.37 20505,462,750 5,462,750 0.88 88.39 20515,463,750 5,463,750 0.88 88.41 20525,464,000 5,464,000 0.88 88.41 20535,463,000 5,463,000 0.88 88.39 20545,465,250 5,465,250 0.88 88.43 TOTAL:6,698,394 163,926,750 170,625,144 - *Rates are estimated, subject to change. 0.928Residential percentage of FY22 Levy $ FY22 Residential Valuation, net of exempt5,736,401,567 Hilltop Securities Public Finance Page 1 Town of Reading, Massachusetts Existing Exempt Debt As of June 30, 2022 Aggregate Debt Service DatePrincipalInterestTotal P+I 06/30/2022--- 06/30/20232,474,000.00258,582.002,732,582.00 06/30/20242,527,800.00158,312.002,686,112.00 06/30/20251,235,000.0044,700.001,279,700.00 Total$6,236,800.00$461,594.00$6,698,394.00 Par Amounts Of Selected Issues March 22 2012 -Adv Ref of 1 1 04 School (IE).......................................................................................................................2,435,000.00 February 5 2015 -Cur Ref of 1 1 05 - Wood End School (IE).................................................................................................13,800.00 February 5 2015 -Adv Ref of 9 15 06 - Wood End Sunset Rock II (IE)..................................................................................83,000.00 February 5 2015 -New Money - Public Library (IE).................................................................................................................3,000,000.00 June 28 2016 -Public Library (IE)...........................................................................................................................................705,000.00 TOTAL....................................................................................................................................................................................6,236,800.00 Hilltop Securities PublicFinance Page 1 Town of Reading, Massachusetts $120M Total Project Cost; 30% MSBA Reimbursement $84,000,000 General Obligation Bonds; Dated May 15, 2025 Interest Rates are Estimated, Subject to Change Debt Service Schedule DatePrincipalCouponInterestTotal P+I 06/30/2024---- 06/30/20251,265,000.005.000%4,200,000.005,465,000.00 06/30/20261,325,000.005.000%4,136,750.005,461,750.00 06/30/20271,395,000.005.000%4,070,500.005,465,500.00 06/30/20281,465,000.005.000%4,000,750.005,465,750.00 06/30/20291,535,000.005.000%3,927,500.005,462,500.00 06/30/20301,615,000.005.000%3,850,750.005,465,750.00 06/30/20311,695,000.005.000%3,770,000.005,465,000.00 06/30/20321,780,000.005.000%3,685,250.005,465,250.00 06/30/20331,870,000.005.000%3,596,250.005,466,250.00 06/30/20341,960,000.005.000%3,502,750.005,462,750.00 06/30/20352,060,000.005.000%3,404,750.005,464,750.00 06/30/20362,160,000.005.000%3,301,750.005,461,750.00 06/30/20372,270,000.005.000%3,193,750.005,463,750.00 06/30/20382,385,000.005.000%3,080,250.005,465,250.00 06/30/20392,505,000.005.000%2,961,000.005,466,000.00 06/30/20402,630,000.005.000%2,835,750.005,465,750.00 06/30/20412,760,000.005.000%2,704,250.005,464,250.00 06/30/20422,900,000.005.000%2,566,250.005,466,250.00 06/30/20433,040,000.005.000%2,421,250.005,461,250.00 06/30/20443,195,000.005.000%2,269,250.005,464,250.00 06/30/20453,355,000.005.000%2,109,500.005,464,500.00 06/30/20463,520,000.005.000%1,941,750.005,461,750.00 06/30/20473,700,000.005.000%1,765,750.005,465,750.00 06/30/20483,885,000.005.000%1,580,750.005,465,750.00 06/30/20494,075,000.005.000%1,386,500.005,461,500.00 06/30/20504,280,000.005.000%1,182,750.005,462,750.00 06/30/20514,495,000.005.000%968,750.005,463,750.00 06/30/20524,720,000.005.000%744,000.005,464,000.00 06/30/20534,955,000.005.000%508,000.005,463,000.00 06/30/20545,205,000.005.000%260,250.005,465,250.00 Total$84,000,000.00-$79,926,750.00$163,926,750.00 Hilltop Securities Public Finance Page 1 Town of Reading, Massachusetts Estimated Impact per $5M of additional local share of project costs Debt Service Schedule Est. Residential Est. Residential Tax Rate Impact Impact per DatePrincipalCoupon*InterestTotal P+Iper $1,000$100,000 home value 06/30/2024------ 06/30/202575,000.005.000%250,000.00325,000.000.055.26 06/30/202680,000.005.000%246,250.00326,250.000.055.28 06/30/202785,000.005.000%242,250.00327,250.000.055.30 06/30/202885,000.005.000%238,000.00323,000.000.055.23 06/30/202990,000.005.000%233,750.00323,750.000.055.24 06/30/203095,000.005.000%229,250.00324,250.000.055.25 06/30/2031100,000.005.000%224,500.00324,500.000.055.25 06/30/2032105,000.005.000%219,500.00324,500.000.055.25 06/30/2033110,000.005.000%214,250.00324,250.000.055.25 06/30/2034115,000.005.000%208,750.00323,750.000.055.24 06/30/2035125,000.005.000%203,000.00328,000.000.055.31 06/30/2036130,000.005.000%196,750.00326,750.000.055.29 06/30/2037135,000.005.000%190,250.00325,250.000.055.26 06/30/2038140,000.005.000%183,500.00323,500.000.055.23 06/30/2039150,000.005.000%176,500.00326,500.000.055.28 06/30/2040155,000.005.000%169,000.00324,000.000.055.24 06/30/2041165,000.005.000%161,250.00326,250.000.055.28 06/30/2042175,000.005.000%153,000.00328,000.000.055.31 06/30/2043180,000.005.000%144,250.00324,250.000.055.25 06/30/2044190,000.005.000%135,250.00325,250.000.055.26 06/30/2045200,000.005.000%125,750.00325,750.000.055.27 06/30/2046210,000.005.000%115,750.00325,750.000.055.27 06/30/2047220,000.005.000%105,250.00325,250.000.055.26 06/30/2048230,000.005.000%94,250.00324,250.000.055.25 06/30/2049245,000.005.000%82,750.00327,750.000.055.30 06/30/2050255,000.005.000%70,500.00325,500.000.055.27 06/30/2051270,000.005.000%57,750.00327,750.000.055.30 06/30/2052280,000.005.000%44,250.00324,250.000.055.25 06/30/2053295,000.005.000%30,250.00325,250.000.055.26 06/30/2054310,000.005.000%15,500.00325,500.000.055.27 Total$5,000,000.00-$4,761,250.00$9,761,250.00 *Interest estimated, subject to change. Hilltop Securities Public Finance Page 1Page 1Page 1 Town of Reading Lunch and Learn September 29, 2022 - 5% 25%35%15%21% 100% Percentage 6,1878,7583,8035,2661,222 25,236 4/22 Public Forum) Number 2 2020, Table B01001. Numbers are calculated from 5 - Umass (source: Growing Population Senior Citizens (Age 60+) Reading ARPA Advisory Committee Presentation on Elder Human Services Needs - 49 - 5/24/22 Age CategoryUnder age 18Age 18Age 50 to 59Age 60 to 79Age 80 and olderTotalSource: American Community Survey, 2016year survey estimates. 4 Reading ARPA Advisory Committee Presentation on Elder Human Services Needs - 5/24/22 What We Have Heard Seniors Need (ReCalc) 5 Committee A volunteer ad hoc committee reporting to the Select Board Reading ARPA Advisory Committee Presentation on Elder Human Services Needs - Reading Center for Active Living 5/24/22 The charge of ReCalc:Explore the current and future needs of the Community, and initiate planning for a potential new Senior/Community Center in town that will focus on residents aged 60+ and possibly other members of the Community. What is Missing at the PSC? Multi Purpose Space?Appropriate Restroom Facilities?Private Meeting Spaces?Private Offices for Employees?Game Room?Adequate Staffing Levels? Parking? Options for New Buildings Each Option has different Timelines and Different Costs 1. Purchase an existing building and renovate2. Expand the Current Pleasant Street Center3. Build New Facility on Town Owned Land4. Others? Planned Response from Walgreens Instructional Motion to Find Select Board authorizes an RFP to Select Board authorizes an RFP for Response from Walgreens Owner for 1. Purchase Building and Renovate April Town Meeting Spaces in Town for Senior CenterJune 2022 Leased Space for Senior CenterJuly 2022 Leased Spaced August 2022 Purchase Space for Senior CenterSeptember 19, 2022 Owner to Sell the Building October 11, and October 25, 2022 Select Board Meeting to discuss Next Steps 1. Purchase Building and Renovate First Floor 1. Purchase Building and Renovate Second Floor 24 months from Approval - created Subgroup to Explore Layout for 1. Purchase Building and Renovate ReCalcWalgreens Building Council on Aging also Providing Input on LayoutSelect Board to Engage Property OwnerTown Meeting to Approve/Disapprove the PurchaseIf Town Meeting Approves, Design will continue Purchase + Renovation Cost to be Excluded Debt Vote (possibly April Election)If Approved, Permanent Building Committee will lead the projectProject would take 18 Town Funds that can be used to reduce cost 1. Purchase Building and Renovate CreditInitial Estimate: $7 Million to $9 Million In addition, pursuing $1 Million Earmark from StateOther Negotiations with Property Owner Pending Need to Finalize Layout and Design for Construction CostCurrent Estimate: $12 Million to $14 Million Cost to Average Homeowner: $140 per Year, or about $12 per Month 1. Purchase Building and Renovate Select Board Negotiate with Owner Town Meeting Approve/Deny PurchaseExcluded Debt VoteIf Approved, Final Design Completed, followed by Construction Next Steps: 2. Expand the Current PSC 3. Build New on Town Land