Tuesday, May 13, 2008

Capital spending for books nixed.

The Capital Improvement Committee report to the Finance Committee noted that the schools request for $667K for books and technology does not "meet the level of a capital need." Nonetheless, there was some discussion about..........

.............finding some money from unspent reserves in the Town budget from FY08 to provide for this request. The Finance Committee was divided on whether or not any funds will remain in the Reserve Fund at the end of the fiscal year. The general feeling seemed to me to support provision of some funds. The question is what is available. Some members felt $100-200K may remain and could be added to any unspent school department funds to get a start on text book replacement.

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