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Page 1 <br /> Board of Selectmen <br /> F. Minutes <br /> n: August 19, 1996 <br /> r•-;fy <br /> Present: Selectman Dinizio,Selectman Costa, Selectman Frye, <br /> Selectman Caffyn,Selectman Marsters <br /> Executive Secretary Robert whritenour <br /> Assistant to the Executive Secretary Joyce Mason <br /> y <br /> { <br /> Meeting Called to Order by Chairman Dinizio at 6:35 p.m. <br /> Carol Jacobson Senior Center <br /> ALP.Q.1N.T.AffiNTS AND_I EA,R NQS: <br /> Review of Octobgr Town etin Waimp tDr #is <br /> The Board of Selectmen reviewed Draft#1 of the October Annual <br /> Town Meeting warrant. (enclosed) <br /> Board of Assessors,Leslie Greig, Kenneth Porter and Marcia Ding <br /> were present with David Bailey,Director of Assessing to discuss the <br /> status of the overlay account. <br /> As noted in Mr. Greig's memo to the Board dated July 12, 1996, the <br /> ,. <br /> Board of Assessors have a net surplus in combined overlay accounts of <br /> approximately$900,000. <br /> Upon request of the Board of Selectmen,the Board of Assessors will <br /> transfer this amount to the surplus account indicated Mr.Greig who <br /> recommended the Board utilize the funds to offset the tax rate. <br /> Its was noted that the overlay surplus is in effect excess taxation from the <br /> previous several years. Mr. Bailey indicated that the funds were <br /> appropriated to cover abatements and exemptions. ' <br /> , <br /> The amount has been certified as being available for appropriation to <br /> the general fund to directly offset the tax rate or to be placed into the <br /> budget for free cash informed Mr. Bailey. <br /> It is the consensus of the Board to further discuss this matter with <br /> members of the Finance Committee. <br /> The Board of Assessors have requested a memo from the Board of <br /> Selectmen in favor of the overlay appropriation prior to the finalization <br /> of the Town Meeting warrant. <br /> , <br />