Tuesday, December 23, 2008

Financial Planning Committee Minutes - 11/20/08

November 20,2008

The meeting was called to order at 7:05 pm

Members present: Finance Committee members James Roche, and Rebecca Cameron, Councilors Deborah Bartlett and Steve Whalen. School Committee Members, Roberta Trahan and Matt Kelley. Residents, Doug Hardesty and Gwynne Wilschek.

Also present were Town Administrator Jeff Nutting, School Superintendent Wayne Ogden and School Finance Director Miriam Goodman.

Motion to accept the minutes of October 16, 2008 by Councilor Bartlett.
Second by Roberta Trahan
Vote: Yes all

The Superintendent of Schools gave an in depth review of the FY 10 budget requests.
The Schools will need a 6.45% increase or $3.2 million to maintain the level of service.
They would also need an additional $600,000 for the next five-years to restore the reductions in force over the last several years.

The School budget is 83% personnel costs, while SPED and health insurance make up a large portion of the remaining budget.

The Committee asks questions in attempts to understand the barriers and any potential ideas.

The meeting adjourned at 9:05 pm


Jeff Nutting

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