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Board of Selectmen Minutes 4 January 20, 1999 APPOINTMENTS AND HEARINGS joint Meeting- School Committee and Finance Committee: (continued) Mr. Whritenour reviewed his analysis of available revenues relative to the fiscal year 2000 budget. The school budget is increasing faster than the towns revenues explained Mr. Whritenour. Total budget requests in all Town Departments amount to $31,789,140. The figure reflects a projected balance shortfall of$2,523,807.17. Mr. Whritenour indicated that he will be conducting a detailed review of all departmental budget requests. It was noted that this years school budget request is approximately 21%over last years $11,600,000 budget. Mashpee is receiving only$137,000 in Emergency Fund Aid in FY2000. The district received $500,000 last fiscal year. Mr. Whritenour recommended the School Department cap their budget request to $12,800,000. If the School Committee is unable to reduce their proposed budget by $1,200,000, voters will have to approve a proposition 2 1/2 override to fund the schools in fiscal year 2000. Mr. Whritenour indicated that all stabilization reserves are proposed to offset the budget. Certification in excess of$1,000,000 expected in the fall from delinquent tax payments is proposed to fund stabilization in fiscal year 2001. Finance Committee member, Sidney Golub related concern with respect to the use of stabilization funds to offset the budget. Mr. Golub indicated that stabilization is a proper safety net for the town for unforeseen expenses. It appears the town needs an override to fund the schools explained Mr. Golub. The budget discussion followed. The Selectmen requested an itemized breakdown of special education expenses. It was noted that special education funds are presently in deficit. It is the consensus of all applicable parties to meet on February 24, 1999 to finalize budgetary figures.