12.07.2015 Views

T O W N O F M IL T O N

T O W N O F M IL T O N

T O W N O F M IL T O N

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

gaining unit for personnel formerly under that chapter of the bylaws. In addition,we are recommending that the Town Clerk and Treasurer would receive a2% raise, consistent with non-union personnel, as has been past practice.There are six debt articles in this year’s Warrant.Article 8 is a standing borrowing article for capital needs and for thelease/purchase of four motor vehicles for use by Town officials in the dischargeof their duties. The $16,000 payment provided in this Article is a continuationof the fourth lease payment on a five year lease. In addition, the Capital ImprovementPlanning Committee has recommended the Town appropriate$716,566 for several capital items. It is unclear on the timing of the bond issuanceand so $13,000 is recommended to be appropriated from free cash tocover the first year interest payment should the bond issuance take place inFY2012.Article 19 is a standing borrowing article for improvements to the Town’swater system. As in past years, an interest free loan is available from theMWRA to cover the cost of the program.Article 20 is a standing borrowing article for improvements to the Town’ssurface drain system in accordance with a ten year master plan to bring the surfacedrain system up to current standards. For each of the past five years$500,000 has been appropriated for this purpose. $70,000 of the funds appropriatedin this article will be used to cover the second of three payments on thelease/purchase of a street sweeper. The street sweeper is now required by Massachusettslaw to keep contaminants from the Town’s surface drains. The balanceof the funds provided under this article will ultimately result in theissuance of bonds.Article 21 is a standing borrowing article for improvements to the Town’sSewer system. In past years the MWRA provided an interest free loan for thispurpose. This program has now ended, however we see the need to continue theprogram of sewer upgrades and replacement in the Town and are recommendingthat the $500,000 appropriation continue.Article 29 will authorize the payment of principal and interest on theTown’s existing bonded debt exclusive of enterprise fund debt. This year’s appropriationfor the payment of principal and interest is $3,637,583. $3,055,429of this debt payment will be funded with debt exclusion overrides for the SchoolBuilding Project and the Library.Article 14 is a standing borrowing article to cover the ongoing medical expensesof a firefighter who was injured in the line of duty. The original legislationwhich allowed the Town to borrow set a five year time limit for that244

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!