7:15 PM
Called to Order, Deborah Brown, Town Moderator
Immediately calls a brief recess for a ceremony honoring certain Lexington High School & Minuteman Technology Regional High School graduating seniors. Andrew Stephens, LHS Principal and Ed Bouquillon, Minuteman Superintendent, introduce 15 students, noting their achievement and accomplishment, outlook, sense of humor, attitude, humility, kindness, character, perseverance, and other notable qualities. State Representative Jay Kaufman presents each with a Massachusetts State House Citation.
Back in session.
ARTICLE 2 – REPORTS OF TOWN BOARDS, OFFICERS, AND COMMITTEES This Article remains open throughout Town Meeting and reports may be presented at any Town Meeting session by Boards, Officers, or Committees.
Report of the Town Manager is received and placed on file. Town Manager, Carl Valente presenting.
Recommended FY19 Budget and Financing Plan, HERE.
The revenue allocation model developed by the Town Manager and Superintendent of Schools and accepted by the Board of Selectmen, School Committee, and financial committees (Appropriation - AC - and Capital Expenditures - CEC).
After first funding the Shared Expenses budget and capital projects, 74% of all remaining FY19 projected general fund revenues are allocated to the School Department and 26% are allocated to municipal departments.
Summary of Financial Strategy:
- a deliberate plan for future capital projects
- a deliberate plan for use of reserves for property tax relief
- a deliberate plan for operating budget increases
- continue economic development efforts to balance Lexington's tax base
More to come on that last bullet in the Fall.
Report of the Appropriation Committee (AC) is received and placed on file. John Bartenstein, AC Chair, presents the report.
Report of the Minuteman School Superintendent is received and placed on file with the Town Clerk. Superintendent, Ed Bouquillon presents.
Following ARTICLE 4 – FY19 Operating Budget, it is anticipated that the Capital Expenditures Committee will ask that their report be received and placed on file.
Report of the Capital Expenditures Committee (CEC).
If any additional reports are filed tonight, this post will be updated.