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r <br /> Finance Committee/April 25,2000 3 <br /> ECONOMIC DEVELOPMENT: <br /> Mrs. Goulart noted that the Finance Committee needs to discuss the Economic Development <br /> Expense budget as a result of Mr.Duchemin,Economic Development Coordinator,appearing <br /> before the Finance Committee at their last meeting on Tuesday,April 11,requesting that the <br /> Finance Committee increase their budget recommendation. <br /> Mr. Golub commented that, in the past,he has requested lir. Duche in to justify why there <br /> is an Economic Development program without knowing the effect on the town in terms of tax <br /> revenues versus tax losses. Mr. Golub armed that,as they encourage businesses to center their <br /> operations in Mashpee for the purpose of generating taxable revenue on their properties,they <br /> also experience a population increase with businesses and therefore could add to the school <br /> population and other services. Mr. Golub stated that he has never received anything on this. <br /> Mr. Golub stated that he is not sure that the revenue generated by the additional businesses <br /> will be positive revenue. <br /> Mr.Golub stated that in terms of funding anything having to do with this,he noted that he is <br /> very circumspect about approving a budget that does anything that we do not know what the <br /> effect is going to b . <br /> It was noted that the Economic Development Expense Request was in the amount of$15,500. <br /> The Selectmen's recommendation is$13,500. The Finance Committee level funded this <br /> account in the amount of$119000. <br /> f <br /> Motion to Remain with 511,000 for Economic DevelopmentExpense: <br /> Mr. Morgan made a motion that the Finance Committee,after a <br /> discussion on the reconsideration of their recommendation,not change <br /> their initial recommendation of$11,000 for the Economic Development <br /> Expense. <br /> Motion seconded by Mr. Golub. <br /> Vote:Unanimous. - . <br /> FINANCE COMMITTEE MEETING MINUTES: <br /> Ta sdaL April 11, 000,regular Session <br /> :nnm�ninnn ��m ra•rri.�i <br /> Motion made by Mrs. Goulart to accept the Finance Committee <br /> Minutes elated Tuesday,April 11,2000. <br /> Motion seconded by Mr.Arnold and approved. <br />