Finance Committee sets FY11 Budget Hearing Schedule

Published December 29, 2009 | Finance Committee | Automatically Archived on 2/13/2010

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Sudbury Finance Committee
FY11 Budget Hearings Schedule
(All Hearings/Meetings begin @ 7:30pm unless otherwise noted)

Monday	January 11, 2010	**Opening Remarks by FinCom Chair & Town Manager, Minuteman & CPA Hearing. The FinCom will discuss the contents of the Warrant after the hearings.	Town Hall
Thursday	January 14, 2010	CIPC and Other Articles Hearing. The FinCom will discuss the contents of the Warrant after the hearings.	Grange Hall
Thursday	January 21, 2010	Presentation of 4.5% budgets by cost centers *(Begins @ 7pm)*	Town Hall
Thursday	January 28, 2010	Joint Meeting with Lincoln FinCom. After the joint meeting, the Sudbury FinCom will hold a preliminary discussion regarding whether or not to support an override	Lincoln
Tuesday	February 2, 2010	Presentation of no override budgets by 3 Cost Centers *(Begins @ 7pm)*	Town Hall
Thursday	February 4, 2010	Finance Committee deliberations	Flynn
Monday	February 8, 2010	Joint Board of Selectmen / Finance Committee meeting	Town Hall
Tuesday	February 9, 2010	Finance Committee final votes	Flynn

** FinCom Chairman and Town Manager record opening remarks at 7:00PM for future broadcasts
	Lincoln FinCom meeting will be held in the Basement of the Lincoln Town Hall

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The Finance Committee’s primary responsibility is to make recommendations to Town Meeting on all of Sudbury’s financial matters. Most, but not all, of its efforts are geared toward budgetary matters. Throughout the year, the committee regularly interacts with town and school officials and various other committees on fiscal issues. It holds public budget hearings in January and February each year.

At Town Meetings, the Committee is required by law to present voters with a balanced non-override budget (one that does not exceed the levels of Proposition 2 1/2) and to make recommendations on all financial articles. If, in any year, the Select Board authorizes an override budget, the Committee will make a recommendation on that proposed budget. After deliberation, the Finance Committee makes its view public in the Finance Committee Report as part of the Official Town Warrant. In order for an override budget (one that exceeds the levels of Proposition 2 1/2) to be approved, it must pass in a Town-wide election and receive a majority vote at Town Meeting.

The Finance Committee meetings are public and usually held on the third Monday of the month. All meetings are at the Flynn Building and begin at 7:30pm, unless posted otherwise.