Change Summary

On Mar 11, 2021 3:03 PM EST Benjamin Buttrick changed a meeting of Finance Committee as follows:

So that the meeting notice now reads:

Information for Meeting of Finance Committee
Thursday March 11, 2021 7 PM EST

NOTE: This meeting was cancelled
Town:Essex, MA 
Board:Finance Committee
Time:Thursday March 11, 2021 7 PM EST
Location:https://mersd.my.webex.com/mersd.my/j.php?MTID=maffa57e74183efc875b4e35e2959735d
Agenda:
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Meeting number (access code): 182 236 4959

Meeting password: qrPJp7C2XX2 (77757722 from phones) 

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AGENDA
A. Call to Order, 7:00 PM
B. School Committee Attendance at ME All –Boards Meeting, 7:00 PM									
• Discuss the present status of proposed FY22 apportionments for both towns, based on the most recent vote of the School Committee.  
  -Review the actual history of operating budget apportionment increases
• Reconciling FY22 budget. What do we know now that we didn’t know on Feb 2nd? What is the best strategic use of reserve funds given the advisement above?
 -Essex and MBTS status
• Discuss, generally, what expectations should be for future fiscal years.
 - Mandated (fixed) vs discretionary (variable) spending
 - Long-term capital obligations
• Discuss whether the meeting participants favor supporting annual operating increases at some level above 2.5% per year (which may require periodic Proposition 2 ½ overrides) versus restructuring the school district’s programs to keep the annual overall apportionment increase at 2.5%.
 - What does 2.5% mean (levy limit vs. levy increase)?
 - Comparative data
 - What is the impact to the educational program and what process does the District use in identifying programmatic and staffing cuts?
 - Identify a "range of reasonableness" 
C. Public Comment, 8:45 PM 
D. Adjourn, 9:00 PM
Scheduled By:Benjamin Buttrick
Posted At:Mar 9, 2021 10:35 AM EST
Last Modified:Mar 11, 2021 3:03 PM EST