Finance Committee releases FY08 Budget Hearing Schedule

Published October 25, 2006 | Finance Committee | Automatically Archived on 2/1/2007

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The Finance Committee has released their FY08 Budget Hearings Schedule. All meetings will be held in the Lower Town Hall and will begin at 7:30pm unless otherwise noted.

January 8 (Mon) – Budget Process Presentation / Revenue Projection Presentation

January 11 (Thurs) – Town of Sudbury Budget Hearing / Capital Improvements Planning Committee Hearing

January 15 (Mon) – MLK Holiday – Snow Date

January 18 (Thurs) – LSRHS District Budget Hearing / Sudbury Public Schools Budget Hearing

January 22 (Mon) – Minuteman Reg. HS / CPA

January 25 (Thurs) – CANCELED

January 29 (Mon) – Joint Meeting with Licoln FinCom & LS School Committee / Presentation on Proposed New Police Station

January 30 (Tues) – Joint meeting with Sudbury Board of Selectmen / Revenue Update / Other Articles

February 1 (Thurs) – CANCELED

February 5 (Mon) – FinCom Deliberations / * Final Votes * / Discussion of Warrant Reports

*Final Vote* – must be taken by Sudbury FinCom no later than Friday, February 9, 2007 for Non-Override Budget, Override Budget (if any) and Warrant Article positions to be published

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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.