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9/10/1996 FINANCE COMMITTEE Minutes
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9/10/1996 FINANCE COMMITTEE Minutes
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Mashpee_Meeting Documents
Board
FINANCE COMMITTEE
Meeting Document Type
Minutes
Meeting Date
09/10/1996
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Page. <br /> Articles <br /> The- group discussed article 21 which will utilize monies to lower <br /> the tax rate. Mr. Golub indicated that currently the fgure is <br /> $1, 250j, 000 . He also. asked that the group look at the three <br /> scenarios which had been previously discussed. Mr. Golub. stated <br /> that this analysis assumed a $2,.000, 000 balance In Free Cash. It <br /> now appears that there is approximately 2, , o . Mr. Golub <br /> stated that he had spoken with Mr. Whritenour about utilizing more <br /> money to lower the tax rate . Mr. Golub indicated that the Town has <br /> $1, 9:50, 000 accounted for of this money. He asked if the extra <br /> $500, 000 or $60.0., 0.00. shoulfd go. into Stabilization? Mr. Golub <br /> suggested using $200, 000 of this for the lowering of the tax rate. <br /> Mr.. Goggin mentioned that the Long Range Plan showed an increase of <br /> taxes of 2 1/2t and in lieu of this he felt the tax rate should not <br /> increase more than this each year. Mr. Golub would like to keep <br /> the tax rate stable and not have tax increases . Mr. Goggin stated <br /> that he would update the Long Range Plan and go with the policy of <br /> not increasing taxes more than 2 1/2 each year. Mr. Tutt <br /> indicated that he. did not want to comment until he sees the Long <br /> Range Plan that Mr. Goggin will provide <br /> Chairman Golub asked -that the Committee be prepared to make <br /> recommendations on all articles at the next meeting. The group <br /> reviewed -the sheet that had been given to them by Mr. Whritenour <br /> de-tail-ing the funds available for offset of tax levy. Mr. Golub <br /> commented that he would .speak to Mr. Whritenour and get this sheet <br /> in final form <br /> Mr. Golub. provided copies of a letter from Dr. DeMoura in regard to <br /> the School Building Assistance Grant for the high school for the <br /> Coi t t e e-# s review. <br /> The next scheduled meeting is on Tuesday, September 24, 1996 at <br /> 6 :3-OPM at the Carol Jacobson Senior Center. Minutes- respectfully <br /> submitted by Jean M. Mooney, Board Secretary-. <br />
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