05/03/2010 Annual Town Meeting - Laserfiche WebLink

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Article 21 To see if the Town will appropriate $450,000 from the stabilization fund to the school committee to offset budget reductions. IIMOZEZOL07i� Explanation: The school committee's budget had a zero percent increase in FYIO, which required the elimination of 21 school positions. A 2% reduction in FY I I creates a budget gap $1,600,000 that will require further elimination of school positions and will result in reduced programs for Mashpee students. The town has nearly $5,000,000 in so-called "rainy day" ffinds, including $1,807,815i in free cash and $3, 104,025 in the stabilization fund. In addition, the town, expects to earn $2,000,000i in new revenues in FY I I from the sale of town -owned land. These ffinds can replace the $450,000 requested by the school committee. The Board of Selectmen recommends defeat of this article by a vote of 5-0. The Finance Committee recommended 6-0 to defeat the article. Motion made by Richard Bailey: I move to see if the Town will transfer and appropriated $450,000 from the stabilization fund to the School Committee to offset budget reductions. Amended motion made by Richard Bailey: I move to see if the Town will transfer an'i appropriate $295,000 from the stabilization ffind to the School Committee to offset budge) reductions. Motion made to extend Town Meeting until 10:30P,M made at 10:03PM, Motion to extend Town Meeting until 10:30 PM passes at 10:03 PMO Motion defeated 135 to 132 at 10:28 PMO Motion made to adjourn Town Meeting at 10:28 PM Town Meeting adjourned at 10:28 PMO