HomeMy WebLinkAbout1999-03-18 Board of Library Trustees MinutesBoard of Library Trustees
Budget Council Meeting , .
Parker Middle School
March 18, 1999 l 1 1, 1
Present: Ms. Maria Silvaggi, chair; Mr. Stephen Conner; Ms. Cherrie
Dubois; Mr. Richard Ogden, Dr. Christine Redford.
Peter Heckenbleckner explained the Projected Revenues general Fund.
The Finance Committee recommends removal of the following items:
Demo of old Police Station
DPW garage on hold
Fire pump engine
The shortfall is to be split between the schools and the municipal side.
Free Cash Analysis:
$47,492,712 operating budget proposed by the Finance Committee.
$521,000 preserved free cash
$150,000 reserved fund
$754,000 regeneration
The bond rating is of concern.
Projected Fiscal 2001 is a wake up call. It's a bare bones budget. Some
feel that the town will not be able to survive without a Proposition 2
1r2 override for next year. The Finance Committee did not fund any
new positions.
State Aid may be available in ,June(july. Then there will be an attempt
to add back what has been cut from the budget.
Each Board met to discuss the Finance Committee's proposal. All
Boards voted to accept the proposal. The meeting adjourned at 9:30
PM.