05/07/2012 Annual Town Meeting - Laserfiche WebLink

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Explanation: Mashpee's share of the Regional Technical High School budget is $969,173. There are 62 students from Mashpee at the Regional Technical High School, a decrease from 67 students last year. The Board of Selectmen recommends approval by a vote of 5-0. Finance Committee recommends approval by a vote of 6-0 1 absent. Motion made by Selectman Thomas O'Hara. Motion: I move the Town vote to approve the annual regional school district budget for the Cape Cod Regional Technical High School District for Fiscal Year 2013 beginning July 1, 2012, in the amount of$13,138,859, and further, that the Town vote to raise and appropriate $969,173 to meet its share of the cost for operation and maintenance of the Cape Cod Regional Technical High School District for the fiscal year beginning July 1, 2012. Motion passes unanimously at 7:49 PM. Article 6 To see if the Town will vote to appropriate and transfer from available funds $250,000 to the Town's Stabilization Account, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This article will place funds into the Town's savings account to maintain financial strength over the long-term, which is crucial to the Town's bond rating. The Board of Selectmen recommends approval by a vote of 5-0. Finance Committee recommends approval by a vote of 5-0, 2 absent. Motion made by Selectman Wayne Taylor. Motion: I move the Town vote to appropriate and transfer from available funds $250,000 to the Town's Stabilization Account. Motion passes unanimously at 7:49 PM. Article 7 To see if the Town will vote to establish an Irrevocable Trust Fund for the purpose of funding future potential liabilities for other Post Employee Benefits, and further, the town vote to appropriate and transfer from available funds $250,000 for said purpose, or take any other action relating thereto. Submitted by the Board of Selectmen 11