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' 1 <br /> Board_ofSelectmen <br /> Minutes <br /> February.25,2002. <br /> Present: Selectman Cahalane, Selectman Marsters, Selectman Taylor, <br /> Selectman Green, Selectman Leveille <br /> Town Administrator Joyce Mason <br /> Meeting Called to Order by Chairman Cahalane at 6:00 p.m. <br /> Town Hall, Conference Room 91. <br /> NGNUTES: <br /> Monday February 11 2002 Regular and Executive Sessions: <br /> Motion made by Selectman Nlarsters to approve the.Regular and <br /> Executive Session minutes of Monday, February 11, 2002 as <br /> presented. <br /> Motion seconded by Selectman Green. <br /> VQTE:. Unanimous. 3-0. <br /> Selectman Cahalane abstained, Selectman Taylor absent for vote. <br /> APPOINTMENTS AND HEAWNGS. <br /> School Committee;Finance Committee: <br /> The Board of Selectmen helda}ointmeeting withmembers_of the-School__. <br /> Committee and Finance Committee for the purpose of reviewing the FY03 <br /> Wd=-et. <br /> In attendance were School Committee members Theresa.Cook,Janice <br /> Mills, Mollie Reis and Ben Caswell. Finance Committee members present <br /> irrcludedKathleenLynch Dean Arden,Fred BLythe,.JeffreyAmoldand <br /> Carlton Meredith. Sherwood Fluery, Superintendent of Schools, Michael <br /> TwIQw, School Business Administrator and Diane Rommelmeyer,Town <br /> Accountant was also in attendance. <br /> The Board of Selectmen discussed in detail,the updated revenue analysis <br /> and breakdown of revenue budgets for the three previous fiscal years. <br /> Fiscal year 2003 is uncertain given the state of the present_economy and <br /> the development of a new Chapter 70 formula. Recently, the Chairman of <br /> the House Ways and Means recommended that municipal officials prepare <br /> for the possibility of a 10% reduction in state aid. <br />