1995-1997-TOWN MEETING RECORDS - Laserfiche WebLink

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L: Motion to be made by Peter Dinizio. ti Motion: I move the Town vote to indefinitely postpone Article 8 Motion to indefinitely postpone passes at 7:57 p.m. Article 9. To see if the Town will vote to appropriate and transfer from available funds a sum of money to offset the fiscal year 1998 tax levy, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This article provides funds from available revenues to meet the Town's budgetary obligations for the current fiscal year within the property tax limitations of proposition 2 1/2 and to provide taxpayers with the second year of a three year property tax relief program. At the time of publication, figures were not available for listing in the article. Based on estimates available it is anticipated that a minimum of$1,500,000 will be used for this purpose. Recommendation: The Finance Committee recommends approval. Motion to be made by Ken Marsters. Motion: I move the Town vote to appropriate and transfer from revenue available for appropriation $833,197, from Overlay surplus $500,000 and from Stabilization fund$500,000, a L total of$1,833,197 to offset the fiscal year 1998 tax levy. Amendment recommended by Finance Committee to appropriate and transfer from revenue available $1,236,787, from Overlay surplus $500,000 and from Stabilization fund $596,350 a total of$2,333,197. r Motion made to amend passes 129 to 118 Amendment does not pass 131 for 119 against. 2/3rds vote needed. Amendment recommended by Finance Committee to appropriate and transfer from revenue available $1,083,197, from Overlay surplus $500,000, and $500,000 from stabilization for a total of$2,083,197. Motion to amend passes 148 to 109. Amended motion passes 175-71 at 8:50 p.m. Article 1 o. To see if the Town will vote to raise and appropriate or transfer a sum of money to the Stabilization Account or take any other action relating thereto. b