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3 <br /> figure. nal <br /> _ re df _ <br /> reduction in Chapter 70 monies. Carlton Meredith addressed the BOS on <br /> the-needtoconsider_having all-department headsconsidez the possihility <br /> of a 5%reduction in their department. This would become a `fall back" <br /> position-andshauldbe.revisedeach_year.-..Leff Arnoldremmded theBOS <br /> that another figure that was, as yet, not firmed up was the insurance <br /> premiums_._Ms-11ason_haduseda percentage_af I5Kwhile_all indications <br /> -- <br /> from MMA were more in the 18-20%range. The Finance Committee <br /> reiterated its positionon the--use-of the_Stahilization-Eund.(positionbased_ <br /> upon a majority vote). Although the Town Administrator recommended a <br /> budget-of SI6Ao-i00_to meed contractuaLabligationsfor-the_school-she_- <br /> also agreed with the Finance Committee's position of not using the <br /> Stahili. ation Fund for operating budgets_ Eurther discussion of the-EY03. <br /> budget ensued. <br /> It was decided that a joint meeting of the Fin Com and BOS should be <br /> held on Wednesday, March 6`" in the Selectmen's meeting room at 2:00 <br /> 1zm. <br /> Another joint meeting of the BOS, Fin Com and School Committee has <br /> been scheduled for March 18, 2002 at 6:00 p.m. <br /> The Finance Committee meeting was adjourned at 7:15 p.m. on a motion <br /> by Carl Meredith, seconded by Dean Arden, unanimous. <br /> &espectfulLy submitted,_ <br /> J-L-Amol"hairman <br />