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and approved previously by the Finance Committee. In view of the <br /> request that has been raised,Mr. Golub agreed that what we rued i <br /> clarification as to whether the$190,000 will be added to the school <br /> funds that are voted at Town Meeting. <br /> Motion made by Mr. Goggin to put Article 11 on <br /> hold pending further discussion with Mr. whritenour. <br /> Second by Mrs. Goulart. <br /> Vote-Unanimous 7-0. <br /> REVENUES VS.EXPENSES <br /> Mr. Golub commented on the effect of the revenues versus the expenses, including the raises <br /> that were just approved,on the town's tax levy and noted that it is 13.87%. 1f we want to get <br /> this figure down to 2.5%as was done last year,we need$2,000,000 of additional funds. To <br /> bring it clown to °o,we need$1,500,000. <br /> With a school budget of$9,400,000,Mr. Golub stated that we are looldng at a 13.87% <br /> increase in tax. <br /> Mr. Golub suggested that we should not go for an override to fund the Fire Station;rather,we <br /> should fund it out of current revenues using the stabilization fund down to a certain level that <br /> we all.felt comfortable with.to fund the debt service on that. At the point that we reach the <br /> level of the stabilization fund that we did not want to go any lower,for that particular year, <br /> we then.go to-a Special Town Meeting and request an override. Mr. Golub stated that the <br /> Selectmen do not feel this way. <br /> Mr. Golub commented that if that is going to be our position concerning the Fire Station,then <br /> e cannot afford to deplete the stabilization account by$1,500,000 or$2,000,000 for the <br /> purposes of keeping the tax rate at 2-1/2%, <br /> There was discussion among the Finance Committee regarding the funding of the Fire Station <br /> and increases in the budget in future years. <br /> There was discussion among the Finance Committee regarding the budget and how to fund <br /> the budget as a result of Mr. Goggins notation on the revenues which have been increasing. <br /> FINANCE COMMITTEE REVIEW AND RECOMMENDATIONS <br /> ANNUAL TOWN MEETING ARTICLES: <br /> Mr. Golub noted the following Anne Town Meeting Articles. <br /> Article : Cost of Living to Personnel Administration flan <br /> After discussion,the Finance Committee decided to remain <br /> with their position of holding for recommendation at Town Meeting <br /> for now. <br />