Finance Committee Meeting

Published December 3, 2014 | Finance Committee | Updated December 22, 2014

Event Details

Event Start:	Wednesday, December 3, 2014 (5:00 pm)
Event End:	Wednesday, December 3, 2014 (5:30 pm) (Expected)
Location:	Lincoln-Sudbury Regional High School - Conference Room
Committee:	Finance Committee
Notes:	FinCom Meeting prior to STM Dec 3, 2014
Broadcast:	SudburyTV: Live Broadcast — Video on Demand
Download:	Download this event to add to calendar (`.ics`)

Attachments

Finance Committee Dec/03/2014 Minutes

Published December 22, 2014 | Finance Committee | Updated June 4, 2015 | Details

Finance Committee Dec/03/2014 Agenda

Published December 22, 2014 | Finance Committee | Updated June 4, 2015 | Details

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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.