Friday, June 19, 2009
BOS to call fall Special Town Meeting
The Board of Selectmen (BOS) agreed on June 9 that an early October Special Town Meeting will be required to handle changes in the amount and timing of state aid disbursements. The town received a $1.4 million grant from the Massachusetts School Building Authority (MSBA) in May under a special program that allows towns to pay down old school building debt. Because it was unclear on May 4 at Annual Town Meeting if Carlisle would receive the grant, an appropriation of $193,000 was included in the budget for the debt payment on the Link Building project.
As the debt has been paid off, those funds are no longer due, but to avoid raising that amount in tax revenues a Town Meeting vote is required before the tax rate is set. Also, since receipts from the state are likely to be lower than anticipated a transfer from reserves may be required to balance the FY10 budget.
In other financial matters, the FY09 budget year ending June 30 will see a $50,000 to $100,000 shortfall due to a significant drop in local receipts. The Reserve Fund has about $100,000 which should cover it. A $60,000 grant from the Federal Emergency Management Agency (FEMA) will take care of expenses incurred during the ice storm and aftermath.
State funding for Quinn Bill incentives for police education are being reduced or eliminated. The BOS has not yet decided how to address the shortfall in this state funding. ∆
© 2009 The