001So, we will call the meeting of the school committee finance committee to order here at 7 a.m. Uh item on the agenda is discussion with um the FY27 budget and in this case coordination with select board around one the one of the remaining items which is kind of potential free cash allocation to special ed stabilization fund. Um, I don't know who who if either of you I should hand off to or Nick as it relates to kind of you want to share your current thinking and status and kind of what what you're looking for from the committee of feedback or direction. >> I'll defer to the members. We the SLA discussed it at our last meeting um in terms of uh you know kind of in two conversations. first one being supportive generally of um
002free cash being used for reserves although recognized that um Jay and Laura may have had conversations about maybe other potential uses um but the overall um perspective from the select board was the appropriate place to appropriate that would be expense stabilization fund and I'll let Peggy Winston obviously and then color commentary correct me if I've misstated that conversation. Yeah, I think if we go back to uh where we started with the half million going into expense stabilization funds where we were uh I know I said that if you know given the our discussion on the circuit breaker if if you were to remain at the million then perhaps $100,000 was not going to be necessary for this year and that $500,000 may be appropriated back to capital or perhaps the amounts would be changed. I
003know that there have been changes in the school budget. Um, you know, I wasn't able to watch all of the warrant committee presentation last night, but I was able to watch you guys vote on your final uh some of the presentations committee. So, I know that there have been changes obviously the change obviously one the director of nursing, some of those positions. So, I think for our status on the spend stabilization fund, we would just need some updates as to um where you guys at with reserves. I know you've had to tap into some of those numbers uh a little bit more than you expected. um I think probably a month month and a half ago in our discussion. I think ideally we would want to keep that half a million in the spread stabilization
004fund. Uh that's what the fund was created for and that was the town administrator's initial recommendation. Um my thought changing that was based on reserves and circuit breaker but that was still flux and subject to change. So that's kind of where I think I am right now. >> Yeah. So I I can just uh at least clarify make sure we're all on the same page of what what we have changed to your point on um starter break since we uh what the school committee decided since we last met in February whenever that was. So as we work through the budget process again we originally were drawing down the next $200,000 from the circuit breaker um that was kind of built in within the baseline. We've since changed that to increase that by an additional 400,000
005within next year to try and offset some of the impacts of the revenue shortfall um and reduce the impacts of staff loss and operational losses for next year. So right now in the current year we're um Katie kind of shared this with him slide we looked at last night um with the warrant committee but in the current year we are projecting to utilize about $2.4 $4 million of the circuit break next year has been increased to $3 million circuit break >> for next year. So, we'll end the year with a balance of 1 something million. Oh, like we're projected to end the year with about 1 million. Katie 1 >> 1.1. >> So, we've we've saved 1.1. We started with 8,000, we've saved our own 1.1. Instead of going over that, instead of having that
006plan be three years, pushing it out to four years to get it up to about 2.7 four years. 2.7 represents about 75% of the 3.1 3.4 that we're using as a target. Obviously, it will be more more than that. When we get to four years from now, it probably be more like a $4 million 75% of that. But we'll so that's the projection. Um, and that's the steps that we're taking. So, at this table, we said that we would use some of those dollars to go towards uh taking some positions off the list and we stretch it out over four years, but still has that strategy to to fill the the uh reserve. So that's exactly >> and I just I think we've heard this but you didn't include any half million corporation into that
007calculation that's without additional funding from us. >> Okay 1.1 is that what was the number when we started out? >> No not not for the year but your um expected savings for the first year. So >> this year doesn't change. It's the future. >> Okay. So that 400,000 that was saying was tapped into is reflected in next year. >> Correct. >> Yeah. That's just increasing what we were planning on utilizing next year within the funds provided by the state. >> We can pull up that charge. >> Yeah. Let's see. actually 27. should know. Okay, I think Can you all see this? >> Okay, mostly Megan. Uh, >> it's actually it's still saying um started screen sharing, but I'm not seeing any any slides or anything. >> Still nothing. Oh, there it is. There it is.
008All right. >> Okay. Uh yeah, this is the slide we presented um last night at at war committee and it talked about internally. So it has the kind of updated projections as K said there's nothing changing to FY26 the current year we're kind of on on budget on pace and those projections still hold. So nothing about FY26. What has changed is FY27 and obviously can be implications for for future years but that is the again increase up to $3 million of utilization that uh was originally last time when this the original plan was 2.6 million. Um so that is increased to 3 million. So the circuit breaker is next year projecting to increase by around $500,000 of balance. We're still growing that balance though at a you know obviously much much slower rate which is
009why it extends the timeline out to the four-year period and >> I guess in context so for folks who you know so we're recording this as well so it's helpful. So uh these are all projections so Katie goes in assumptions in these projections. So what this basically says you start at the top we started the year with $8,700. We in right around October got circuit breaker of 3.544 million dollars and we're we're only going to use 2.4 of that this year. Remember now this is only one slice and we talked about this last night and Katie described this very well last night. This is only one slice of the money. There's local funds that go into this and there's federal funds that go into this and circle breakers the state funding mechanism that goes into
010this. So this is just that narrow slice of the circuit breaker part of it. The assumption for this year if we only use 2.4 before we should end with 1.153. So hopefully we'll start next year with that number. It's still March for almost April. We should be in good shape. We're assuming Katie is assuming that in FY27 the reimbursement will be 3.5 because we're just using the same numbers. So you notice the 3.5 is all the way through and we're also using and assuming that we only need 300 3 million to use in order to build this. So those are the assumptions that we're building that on. Anything could change in the middle. Mhm. >> Um, and I think this is why my opinion is the big picture strategy of having a plan like this
011should be solid guidance that we do every year. The small F strategy that we want to talk about in this is maybe to someone's point, maybe we have a good year and everything's working and we only use 2.5 million of that circuit breaker. We can can use more or we want to put more in. It really depends on how the rest of the budget goes as well. So this is a lever um that we use all the time. But this would be the game plan to get them to two within four years with a lot of assumptions built in that every year is a unique animal that we have to respond to that that uh but this is the hope and if we if we have guidance to go by we're more likely to stick
012to it than just saying we we'll figure out each year. You don't want to just figure it out each year. You want to have a a set of goals that you're aspiring to. So that's what that would look like. >> Yeah. Megan. So, if I'm hearing correctly, so this is this is only um state circuit breaker funds. And John, were you were you mentioning that there are potentially other sources of circuit breaker funds like potentially from the federal government? >> No, what I'm saying is we pay for those special education bills with circuit breaker funds from the state, local money from our local Milton budget, and also a small amount of federal funds. So there's three revenue sources that go into this big big decision-making process of paying these bills. Circuit breaker is just one
013component of that. >> Okay. >> Just the one that we always talk about, but it's just one of revenue streams. >> All right. All right. Okay. Thank you. in terms of uh so just I'm thinking about just your feeling on if let's say if this changes um if you receive 4 million next year and certain break are we doing like you want to save a percentage of each year or is it just kind of figuring out because we're going to do you know in the budget coordination committee are we going to do the three-year projection >> are we saying we're going to try to save percentage wise or should we looking at it as a certain number that we're trying to that we want to get to that one year. >> I think our goal
014is is to incrementally get to at least 75% of whatever the certain four years. That's the goal. That doesn't mean we have to get there next year. So, I don't know. It's a good way to ask the question. Do we talk about the percentage of each year that we do or do we talk about the end game? I think getting to the endgame of having having looking at that number of where we're always going to be at 75% of circuit breaker then our our our in our year-to-year goals could change according to that. But I think that that's the end game. So I didn't think of it year by year as much as I thought let's get to the let's get to the appropriate balance first >> and then we can decide how we want
015to do that from year to year. >> Yeah. And as a a committee, we're looking to establish a policy that is swayed that out clearly um just for ourselves and for the department and public. Uh I think you know as an example of what you're saying, if we were to receive $4 million next year, the reimbursement rate we're receiving this year is higher than what we were projecting based on what we received last year, right? It went up in some years circuit breaker reimbursement has gone down. So it is not a linear up upward line. So if you look at kind of history though go up by a little bit it will go down based on actual expenses incurred. Uh but if it were to go up next year again our FY27 budget is sound
016assuming no unexpected costs came in where we would need to utilize that then this would grow at a faster rate. And so then what that would provide us is flexibility and by 28 to say oh sorry all right we're now uh again we got instead of 3.54 $4 million so this is now 2.1. So you know we've actually gained an extra year. So now we can increase utilization to a greater extent in FY28 and produce further pressure on the the town budget or the school budget request on the town and those outliers. So that that's kind of how we see that as as working. You know, as John said, this these are some assumptions. We're we're making projections here and each year we'll need to come back and say, okay, what is our current balance?
017What did we get from the state? what what does this look like the next year's um budget cycle? >> Okay. So, I just obviously think about just think about terms of strategy if there was execution. Um but if there was more that maybe we'd be able to look more into the operating budget but it still stayed for four years. >> The tough part is if it's there's less to change. >> So, we're open to that year conversation. Like that's that's a very healthy India conversation for us to have as long as we're all agreeing that at at a certain point in time we all keep our eye on the on the go of getting to a certain balance that we feel generally comfortable but that is the conversation we should be at. >> Yeah. And
018then once we get to that balance then I think the point had made previously the we don't have to kind of hold an amount less than what we are expecting to receive from the state in order to deal with this out just fully utilize the circuit breaker as as we received for the next year and keep moving forward you know unless we obviously need to utilize it to a greater extent in a particular year then have to build it up again cost next year's reimbursement will be based on what we've spent this year correct and we're in March So, I'm not trying to ask for the impossible, but we could have an estimate of what will be getting reimbured last year because we know three quarters of what we spent this year. Am I wrong?
019>> It's it's more complicated than that, Jay, because what every district puts their bills into states formula. >> Mhm. >> And then at the end of the year, they stir it all up and they dispense those dollars that have already been appropriated by the state to match the dollars of about 75% of the cost of each one of these uh yeah cases. But if the if the state gets flooded with reimbursement requests, maybe you only get 73%. Because they only have a pool of money. >> The governors said they intend to reimburse at 75% for next year. >> Correct. When when all the bills come in, then I think that that's that's something that Well, Katie even knows better than that. Go ahead. >> So that that's the intent every year is the 75% and
020that's the same for tuition and transportation. Um, and so the goal has been and the funding has been to be able to reimburse at that full amount. Last year, tuition was 75%, transportation was only 47%. >> Okay? >> And that's why there was a supplemental budget passed at the state level to be able to we received extra funding in July and that was representative of the difference between the 75 and the 47. This year the goal is 75%. We're only receiving reimbursement for 65% of our transportation costs. So it really depends on what expenses the rest of the state is submitting to be reimbursed on. We don't have control over that. So the intent is 75% they can reimburse up to 75%. There's no guarantee. >> When does it become uh like locked in? When
021do they make that announcement? >> Oh, it waits until they go through the budget cycle, then they do the analysis. >> Did you get the decision and the dispersement in the same month? >> Um, yes. >> And that's why it's that's why to have the previous year, that's a guarantee. So, if we had a full year of circuit breaker, we would know, we'd already have that funding. we would know exactly what we can utilize for this year because we're in the cycle of as soon as we receive the funding, it's already allocated, we're already spending it. So, it's coming in and it's going out at the same time. It makes it difficult because we don't know. We're waiting until October to get those reimbursement amounts. And we there's no guarantee what that number is going
022to be. So, it makes it a little tricky when we're trying to budget. So the percentage is unknown and the total eligible cost is unknown because it's only March. It's it's not >> June, >> but do we know if we're on track, higher, lower, similar? >> Oh, so we've actually had a slight decrease um in the number of students. >> Okay. >> And circuit breaker reimbursement is based on a threshold. So the expenses have to exceed a certain amount. That amount changes year-over-year. Um, and we're actually we've had a decrease in the number of our out of district students. Okay. >> And so I think I'd have to look at it a little bit further to say um if that 3.5 is still an accurate projection. Yeah. >> But if we look back right to
023say it's it either you know once in a while you'll have a dip most of the time it goes up incremenally. So the the the reasonable assumption from a financial perspective is just use what you've already experienced. >> Yes. >> And and just have that be a conservative baseline and then every year we learn and then we that you know so that that's the >> the reasonable tool that we're taking that most districts take. >> What did you get this year? Use that for your forecast of this year. >> Sorry this is like staying right open the table. This is um just you know again to highlight the point that it it changes. It can go up. It can go down. is what uh it has been. So you know FY it went down in
024FY17 went slightly up slightly up a lot up went down in FY21 slightly up slightly up slightly up went down in FY25 has gone back up again this year so it's not again a linear kind of growth you know over time the trend line is it's going up special education costs are more expensive to provide evening it to a little bit fewer students but um yes we we think that the utilizing or um what we received in the prior year is is an appropriate kind of estimate given it could be less than that, it could be a little more than that. >> Well, it speaks to having the balance, right? So then when you have that balance in there that we're aspiring to if you're 300 short and you already have $2.7 million in the
025you can you can move that back and pay that you can you can adjust every year and that's the whole goal of that. There was also some conversations I think at the state level given the fact that this isn't just a mountain issue or and not issue but it's not just something that we're dealing with here. It's pretty much every district in the state. And so I think that there's been conversations about potentially advocating to increase the reimbursement from 75% to 90% in the future. Um but that of course depends on if the state can fund that or not. So, I think as those conversations um kind of continue, that's something that we would have to keep an eye on because that could potentially change that amount and that projection as well. And that's something
026that I think, you know, I would be advocating for that from my within my association kind of with the school um business officials. And that's just something that there's there are so many things that happen with finances that are kind of out of our control. And so um it's just something that we kind of have to continue to keep an eye on. So I think the committee feels pretty good about even though we are increasing utilization circuit break and building that back um you know over a longer time horizon which we appreciate the feedback from the select board and uh Jay especially uh the warrant committee on just some of that as we were going through the budget process. I think we still feel good about where we're at for FY27 or going to kind
027of build that long term because as you all have noted the there's really no way for the town to directly support circuit breaker other than just funds within our operating budget and us utilize it less. Uh so we have kind of mechanisms can build that. Um so I just just want to name that too. Uh any further questions folks have on what our current strategy is around? >> Not for me. I think um we started this when you're supposed to have higher utilization but that's happened. I didn't get a chance to hear from Jerry last night. I don't mean to make you repeat yourself, but if there's any you want to add to your feeling on >> I don't know if I I don't know if I achieved this, but my goal last night was
028when this subject came up to keep my mouth shut because I wanted you to present to the rest of the warrant committee the situation and they could hear it and make their own decisions and they were what I heard was that they were very positive about the plan you put forward. I think I put myself in that positive category as well. So, same thing, Megan. >> Um, no, I I appreciate the um the briefing on this and the um the transparency around the plan. I just want to add that I think that it feels like when when I arrived in the uh in June that people were looking for systems and looking for strategy for accountability measures within the school budget and and this is exactly that Jimmy that this is something that I think
029folks were looking for at the end of June uh that we're trying to put those in place and we have put those accounties in place. So this is what that looks like. This is one part >> I guess. Yeah. Megan. >> So, um, John, to your point, so I thought I heard Mark mention that there were going to be some policies that the school committee was going to set around the circuit breaker fund moving forward. Did I hear that correctly? And um, what is that what is that going to look like? And I I think maybe this isn't for discussion today, but maybe moving forward, we then can align like select board um and school committee sort of understanding and um collaboration around the the circuit breaker policy and you know how we think about
030applying free cash. um or you know what how how the the town would budget toward supporting this. >> Yeah. Um so yeah, we've been trying to work on the those policies. We started that kind of back in the fall uh not just for circuit breaker but for kind of our revolving accounts generally is uh we've shared before those were depleted kind of coming out of FY24. Um and so how do we just make sure they are kind of in a sustainable place being a key piece of that? So I I think we've talked about as a finance committee to try and develop one that's on our agenda I think the next week now that we are somewhat um past the FY27 budget but we we have a voted on budget. We presented that to warrant
031committee that is our our next kind of charge for the remainder of this year. I think as John mentioned like the we we've talked about is that I think the policy goal for the circuit breaker is what is kind of the minimum balance we want to keep within that. what's the process by the school department can withdraw uh funds below that and what like notification approval do they need to provide the school committee and you know things of that nature we don't have the policy fully fleshed out yet >> to kind of share that with the select board in case they have like thoughts or feelings on it but I think generally the goal is to provide guidance on again what is the amount we want to retain within the circuit breaker and then how
032do we uh have kind of a conversation between the department uh and the school committee on it its utilization uh in moments where there kind of significant unknowns because right now they're those guard rails did not really exist in FY24 uh when that that occurred established those >> okay >> additionally I think I've heard in a number of the school committee meetings also uh and ask for language around the special education fund >> and the meeting and how we disperse. So we have that formalized as well. So I think that would be something for us as a board to put some language together about when do we meet? How do we decide on dispersements so for >> totally agree and I same things on them in a second. Nathan >> I Winston took the words
033out of my mouth. I I was going to say it would be great to kind of develop these two policies in they are cousins of one another in a way and it would be great to develop them in parallel or close to parallel. Um so they you know they're meant to address sort of different issues in slightly different ways but just to make sure that they speak to one another and aren't aren't in conflict with each other would be would be great. So thanks Winston. I agree with that completely. Um, I I agree and I'm happy to like get feedback on the select board on kind of how you all think that process should go. I think Katie um I'm trying to share my screen again for the people online, so this might take about
03415 minutes for you to see it. But um Katie's just pulled together a few policies from other towns uh that again we have not reviewed yet uh or talked about at all the finance committee, but that that's one of the things we want to just talk about with y'all kind of process. Totally agree when Nathan made uh that we we should have a policy. We should make that clear for kind of both boards of how that works. And so she's tried to pull a couple examples um that I think if it if it makes sense the lightboard school committee's happy to kind of take the point on trying to create a draft obviously would need to be a shared policy that you all agree on but we're going to take putting something together saying that
035overall getting your feedback and trying to work to to establish something um given now again if you all decide to put funds with with using free cash into the special ed stabilization fund totally agree we should have that uh you know clear >> yeah I think we'd be okay with so the draft >> been borrowing still from other communities so >> um I know again y'all are balancing just to get back to the free cash allocation balancing a few things and a couple needs and Jay has some some thoughts on ideas for that too I don't know if you had things you wanted to Yeah, I think you made me a participant or whoever. >> I did it twice. J. >> Well, yeah, I wasn't paying attention. >> Oh, Amy's on. All right. Sharing not
036turned on. Mark, sorry. Talk to you about sharing. Everything you learn in kindergarten. Okay, I will attempt to be quick. >> I know Megan's got five minutes. Um, all right. Quick. I know people keep saying, "Oh, we're talking about FY27, not about forecast." No, real real quick. We got a forecast for the next few years. It has us coming out just perfectly at the end of FY29 when we might go for another override. Uh I look forward to discussing this in greater detail with more people in this room. Uh the assumptions for that forecast and I'm again I'm highlighting some of the most important assumptions in order for us to get to this forecast where we get through the next couple years. You can look at the bottom. I'm assuming school salaries get four and
037a half% increase every year. Might say that's not enough, but it's what I could make work. And some of the scary assumptions, the first one that I have in the bullet point in top, I assume that we're getting 3 million in free cash in the next couple years. Uh Amy Dexter is now on. She will yell at me and tell me I can't assume that. Well, you know that that's a that is a scary assumption. Uh state aid I highlighted because state aid if we're off by 1% that cost us $400,000 over the next couple years. Health insurance I highlighted. I'm assuming 7%. Forecasting health insurance is witchcraft. If I'm off by 1%, that's also off by half a million dollars. Those half million dollars might sound familiar. So when I'm thinking of what we
038do with this half million dollars that we're discussing, I want to do something with it that maximizes flexibility for the next couple years so we can hit that second to last line item and give, you know, AC appropriate a 4 and a half% increase for school salaries. Again, none of this is set stone. It'll all change over the next month or so. But long story short, my point is let's put this somewhere that maximizes our flexibility. Maybe it's we leave it in free cash. If all the groups here agree we're going to leave it in free cash to maximize our flexibility, I think town will go along with it. Uh my thought was put it in capital stabilization which to my mind isn't is free cash by another name because every year we take a
039million dollars out of free cash and put it into capital. If we you know reduce that if we take half a million dollars from the capital stabilization instead of free cash that gives us more free cash. Um you maximum flexibility would be to leave it in free cash. We agree and town meeting agrees. That gives us the most flexibility to get through the next couple years. That's what I have to say. I think I just maybe a helpful question from my mind. So, sorryucing it strange way. Um, if you say there's a half million in spent stabilization >> and I guess would the school committee consider that as part of your overall circuit breaker kind of reserve or do you view that as a separate reserve that you could use so for like extreme one-time
040costs to help you kind of remain on target for your overall circuit breaker goal? Like I guess what I'm trying to ask is would you want to try to use it all in 27 so that at the end of 27 there's a half million more in circuit breaker if the free cash was in the sp stabilization fun would you rather like try to leave it there to use if you get unexpected cost to remain on track for your other circuit breaker goals does that question make sense I'll start um so the special education stabilization fund the way that I've always looked at it and the way that the language is written in in the statute is that the stabilization fund is a reserve fund to pay for unanticipated or unbudgeted costs. And so that's different
041from circuit breaker. We use circuit breaker as a funding mechanism for costs that are known. So when we're building the budget, we're using circuit breaker kind of as an overall funding mechanism for students that we know, services that we know, just at a projected um cost increase for the upcoming fiscal year. special ed stabilization fund is for those expenses that happen um during the course of the fiscal year that you haven't budgeted for but are impactful and the purpose of the stabilization fund is really to stabilize the budget. So, if we have an expense that's $400,000 that we didn't have funding for or that we didn't budget for, we have a mechanism that we can use that there is money to cover that one-time expense that we do not have to impact the rest of
042the budget. We don't have to freeze hiring. We don't have to stop tellers that they can't use any more copy paper. we can just use that stabilization fund and then that expense then becomes known and then you have to build it into your budget for the next year. And so I typically would not use the stabilization fund as a budgeting mechanism because if you are that's for known costs. We budget based off of known costs. This is for the unanticipated unbudgeted costs that come in during the course of a fiscal year. we use that one-time money and then you have to roll that expense into your budgeting moving forward. >> So to that point, if in 27 and 28 you have $250,000 each year unanticipated costs. >> Y >> in a regular year without a
043spent stabilization fund, you'll have to beat that within your budget, take it out a circuit breaker or what this will just give you the lever to >> perhaps remain on target with what we just discussed about circuit breaker. So correct. >> I do think at the end of the day, it still provides a lot of flexibility for the town budget as a whole because it's a lever for >> schools to be able to balance remain on your circuit breaker target. Then that allows the overall budget to still kind of hit some of our goals um without too much of an impact. So I I appreciate Jay's point in terms of flexibility for the entire budget. I feel like this does provide helpful flexibility for the school budget which still also helps the overall town budget
044if you know in 2728 you have the unanticipated costs and you're able to still remain hit your other targets still be able to use 3 million a year on cir on in the general budget rather than my gosh we had a massive increase so we're going to have to use $2.7 million le break in fiscal 28. Now town's got to either step up to provide that balance or you have to just reduce your expenses. So I I agree. I think it still does provide that flexibility overall. I >> I think I would push back a little bit in that uh if you know again not going into the details of my forecast, but it depends on taking a million dollars of free cash and putting it into the operating budget stabilization fund every year. And
045if we have some release on the school budget, I don't see how that directly affects the free cash which we're putting in operating budget stabilization fund which we're using. No, we're we're using that. We don't want to use one kind of funds for ongoing expenses. So if we want the school budget to go up four and a half% a year, if that's what we want, we need the free cash to go to the operating budget stabilization fund. I I don't quite see how it gives flexibility. >> If in a year where they plan to spend $3 million is out of circuit breaker, they have to spend $3.3 million on a circuit breaker. That means for the next budget year, town budget or other has to come up with an extra 300 grand or alternatively they
046have to reduce their expenses by 300 grand. So I think it's all going into it's not quite going to the same pot, but it also does all contribute to um overall flexibility and resources. I think it would be for a direct line in your view. I agree. It would be cleanest and most kind of directly into the operating budget stabilization for the whole budget. I think this version over here still kind of accomplishes the same mechanisms in my view and I obviously it's a broader policy kind of choice but I I worry less about that aspect of it um in terms of future flexibility because I think it it helps the schools maintain what they expect to withdraw from start to break each of those years as >> maybe this will be defined in our
047policy on the spend special education fund Um we talk about unexpected um expenses. Uh if you get let's say you get a particularly expensive placement maybe halfway through the year that's the sort of thing that we go to special education decisions right even to go circuit breakers or something like that. >> Yes. And and I'm wondering if to Jay's point that if if an example would be that the 500 went into the special ed stabilization account of FY27 and uh as we get ready for FY28 and we're walking our way through FY27 and we're all on target >> and the 500 actually just stays there because actually all the dominoes fell in the right direction. We had no surprises and our our plan is working and maybe that 500 stays there untouched and it's actually
048the it's the insurance policy for FY28 and then when we're budgeting for FY28 to your point J we don't need to put any more money back into now you can now you can start to use your free cash in a strategic way to support the 4.5 and if it's never utilized meaning if it's not utilized because we're we're making it work on our side that's just an insurance policy sits there and then the board go the the future budgets in operating with the use of free cash might notice an overriding could actually happen. It's a kind of could be a both. >> That's what I've been that's what I've been assuming. But I still feel like it doesn't help in the sense that if health insurance if we're assuming health insurance is a 7% inflation
049and it's 8% inflation. That's a half million dollars that we're short overall. and having half a million dollars in the special ed stabilization fund might help in a very roundabout way, but it doesn't help in the way that having free cash you can spend on anything. >> Yes. No, that that's fair. I I that's a good hopefully that's a good problem that we have here. I mean, and I agree that it's good thinking and we should just be thoughtful about how we want to move forward. >> Yeah. I mean, I agree. It's not maximum flexibility, but I agree. I do think it it does catch to flexibility in the next couple of years >> and and that's the same debate that we we have internally from this from a very uh school perspective right we
050want maximum flexibility by having the 500 because we're worrying about all these things on in our own organizational world your organizational world which is a bigger responsibility you're trying to do that for the whole town so we have similar philosophies over none of it's bad it's just like how you look at the work >> I am but one of the reasons I want the maximum flexibility for the town is so that we can get this Yeah. No, I appreciate you. >> No, we agree. I just think it's it's it's just good to point out that we're all trying to use the money in a way that's flexible, supports the budgeting, has some reserves. This is a very good positive conversation to have. So, thank you. >> Um, jump in with my thoughts. I think I
051don't particularly might be surprising like have super strong feelings on exactly where the 500,000 goes. I think again our desire of building kind of back to the circle and having that vice in the budget. I think we have a a good plan as we just showed y'all for that. I think that's in my mind makes the other things less um less necessary. Again, 500,000 would would certainly help um as a backs stop because we saw years in which there were significant impacts of special education expending and then that affecting other parts of the town. And so that's not what we want and that's what special ed stabilization fund is intended to help help address. If that funding is kept elsewhere within the town budget and the town administrator and the select board and the warrant
052committee are all aligned that given we don't have that funding within the special ed stabilization fund that if the schools need it they would instead need to go to the operating stabilization fund or the town reserve account whatever those other mechanisms are like that's fine potentially because that funding is still kind of there to support whatever those needs are. It's just a matter of I think that the idea of the special ed stabilization fund is that's really clear for any whoever the elected members are given we we change whoever the warrant committee members are and for the the town as a whole of this is where you go when you have that um it's not you know necessarily a like the schools have totally failed and messed up their budget. It's like there's just some
053expansion cost from here. And I think that you know that my concern would be if that funding is not there and we have to go to the select board as a whole, the town as a whole to get some type of additional free cash allocation or out of these other accounts that it would be clicked at like oh why why didn't you manage it uh when we're you know at within this conversation making a clear decision like that we're not going to put it and like create these reserves that account. So that's just something I want to I just want to name. I do think Jay like a goal you know we we've talked about this is like belt and suspenders approach within the circuit breaker and the stabilization fund you know it doesn't help
054to have belt and suspenders if you don't pants right and so like if we are going to continue to not be able to have a revenue increase for the school department that actually allows for the operations to continue that that does feel like a baseline kind of need I just I'm not 100% sure if we are at a place where these projections have you shown like that everybody has agreed upon and that we're really clear on >> how the 500,000 would would allocate because I don't know if the town's agreed upon like a 3% salary increase. Obviously the town's budget this year is going up for level service at like 3.7 uh four and there are things where like salaries are actually a little bit lower than a standard year. So I I just think
055that's the that's the other piece and I so I'm rambling a bit here at the end. I I generally defer from my perspective on the select board town administrator warrant committee if you all have strong feelings on how you think can best be used to provide flexibility to the town as a whole but just want to make sure that's done within the context of like without having the special ed stabilization fund if the schools do come in that situation such as we had two years ago. It is not unexpected that we would need to come to y'all for those funds through other avenues such as free cash or looser accounts. >> Well, I I hate to be greedy, but when you say put in an account that you could get if you need it, to
056me that says reserve fund, which is supposed to be for unexpected expenses. Like when the Glover water heater broke, y'all could have come to us and said, "We didn't expect the water heater to break. Give us $90,000." And maybe we would have said yes. Um, but you know, again, >> checker the uh >> like four of those this year >> as you're saying, you know, put some lines around it. Put an extra $500,000 in the reserve fund with some sort of acknowledgement that if there's a you if the poop hits the fan for special ed account, you come to it. Otherwise, it flows to free cash the next year. The reason I say greedy is because it's one of the few things the warrant committee actually does is allocate that money. Um, but that's that's
057not my motivation. I don't know if there's a better place. Something like that. >> No, I mean I think I think they're all good options. Whether it's the operating budget stabilization fund, whether it's the spend stabilization fund, whether it's the reserve fund. I think we're all in agreement of putting the money away to support, you know, unexpected needs and also future needs. So, I I don't know that there's any right or wrong answer. Um I think it's I think having the kind of overall consensus to to put this somewhere for those purpose is a perfect place for that. I think the advocacy from the school department, I can only speak for myself, but when we talk about expenses, we're talking about we're not just talking about like water heaters and elevators. We're talking about kids
058and the kids aren't going away and these are services that they they need. And we can't when I think about a budget, I can't think about a budget based off of maybe maybe I'll give you the money. Like I need to know >> Oh, I see. going to be able to allocate funding because this is a student that has like a significant need and that comes with a significant cost. So I think just I can't advocate any more for it to go to a special education stabilization fund or a circuit breaker because these are these are real costs. They're students. um they're significant and um we just want to make sure that we can budget appropriately again so we don't have to impact the overall operations of the school stabilization fund allocation would memorialize the
059intent that's being discussed and shared here by everybody in the conversation that this is intended to drive the stabilization which in turn supports the because to everybody's point I mean the if it goes back into the town pot overall then people could we would we might have them watch this meeting on you know the YouTube to remind us that was intended to support the schools but there's you know doesn't actually uh it could be a wide openen conversation again a year from now or two years from now so I think that you If Nick, you're saying that it it's I don't want to put words in your mouth, but you're you seem to be saying you're sort of agnostic on like the ultimate destination of the money. The intent would be the same to provide
060some stabilization to the school's budget in in turn to support this town stabilization. So >> yeah, that's always been >> Yeah. Right. So I feel like just the special ed stabilization fund is there to just make it clear that the goal of that reserve was that >> and I guess my response would be that we look through history the town of Milton the highest let's let's lump them all together circuit breaker and special education the highest it's ever been is one and a half million well this summer we're going to be at 1 million next summer we're going to be higher than we've ever been at 1.8 million or whatever >> project. Sure. So I feel like as far as like dire risk, we've got that risk of I I feel like >> it's never
061challenges. Well, I think >> okay, >> with the special education fund, I think we can't lose sight of why it was created and what we have coming into this year. Go off of the override and that massive increase in special education. I don't think we can assume that there won't be another great rise. Similarly to um Nick projecting out insurance at 10% we had that could have been a great cliff insurance went up. So I think for special education funding we may need at least another year or two before we can say that it's going to be at a certain level >> unless it continues to move. So, I think we're trying to seriously um have that support the special education fund and reserves to see what the next year or two looks like because
062that's what got us to that cliff with the override and that massive rise. Like that's what I saw in that in that chart that you all show was the change in the money going out in um in 20 2024 and seeing that million and a half difference and why things went to zero. So I think we may need we don't need more time before we can say special education costs are good. >> I think one of the other changes that was sign into circuit breaker lab was um previously they didn't include a reimbursement for transportation. So the transportation reimbursement is somewhat new. So when we look at the history and some of the funding models and the utilization of circuit breaker, that was based off of only being reimbursed for tuition costs, not transportation costs.
063And so if you look at the history, the funding levels and the utilization, it's it's almost it's um based off of kind of a different model of how circuit breaker was being um provided to the town. So I think we would have to continually update our thinking because now it's transportation included in the tuition. Now I had mentioned earlier there may potentially be an increase which would benefit us all all communities. Um so it's just it's not our second break right now is not the same as our 10 years. I think maybe this is not possible but if we're saying the risk is not covered I'd like to see some numbers like here's a reasonable number of we might assume one high-cost kid is going to appear what is a high cost kid give me
064some numbers or it might be reasonable to prepare for two high cost kids appearing give me some numbers I we're just talking sort of vague here and and between now and next Monday that may not be possible but I I would have liked that if we're going to determine what the risk is >> like the average of a placement or I think is the costs are very different you know needs where you going >> what I mean is what kind of increase in cost should cost what one standard deviation >> increase in cost >> and it's not the increase it's the actual it's the placement so when we talk I'm not talking about percentage increases when I'm talking about unanticipated cost. Okay. >> It's the fact that a student could move here from anywhere. >>
065Um, and we would have to pay for their tuition expense. Some expenses are up to $600,000 for the year. And then also the transportation, which in some instances runs $900 a day. >> So, if we think it's reasonable, prepare for one of those, one, two. I mean I want to put some numbers around it which we may not do in the next few minutes. >> I think we are putting numbers around it but I also think that I don't have a crystal ball. I don't think anyone at this >> it's also u I I think so and so I I respect the the numbers version of this but to Katie's point earlier it's also it's a it's a child thing too and it's a and this is reported the families looking at this and they're
066connecting theirelves to these numbers and it gets really hard to talk about it in a sensitive way. Um the uh there are cases in this year was one where there were two potential $600,000 cases. >> Okay. >> One of which we ended up paying in absorbing. >> Yeah. >> One of which was partially paid and that placement changed in the fall >> and therefore that expense fell off the town and went to >> that's a good example. >> So that that those were two. So, we were we were the reason why we were really working hard to not build agencies is we knew we had $1.3 million of new potential costs in July of this year. >> That's a very good >> and we had $8,000 in that. So, that was that's why we got
067nervous and that's why we acted appropriately to to build insurance within our own budget to handle that. >> Uh luckily uh one of those that that service delivery got funded by the state because of a lot of different reasons and the other one we're paying for. But if that happened in October, that would be the example would say, "Holy moly, to Kat's point, child X just moved in. This is what their their says. This is what we have to fund. This this is a bill. This is not a, you know, how do we you don't negotiate things? They are what they are logical there." And so that would be an example. So those those are extreme. Some of them are more like 300,000. They might be 250 transportation and tuition. Um and so so that
068would be what one concrete that happened in FY16. >> Okay. >> We're happy to be supporting them. >> Absolutely. >> And I think that's the reason and everybody is the best way to work around it. So uh and you know when those things fall this way that way >> when all the money is in circuit breaker we move that lever at the end of every year and says this this this happened and a couple things fell in our favor. we can we can save more circuit or we don't need as much circ. That's the in that's the year-to-year level that we want to be able to talk about as a group. Uh what how did we experience the last year? Where are we at? How you know and then to to Winston's point once we
069get to that 2.7 number. We're really not talking about adding anything anymore. We're really talking about to your point using using all the money in the budget uh from the town and the schools in the way that's operating. Uh so I think we have a couple years to get there. Um, and uh, but I think that this discussion has been very healthy and appreciative support. >> I guess I I mean I'm looking at the time. It's nine o'clock. >> Next Monday the war committee is going to have to make a decision. >> I was hoping we'd come to a consensus >> where it want to put the $500,000. I I I would say we have not. Well, it seems like there is a consensus. My maybe just the exception of you. >> What would you
070say the cons? Oh, Amy Der has her hand. >> Amy, thank you. >> So, I'm just going to chime in with my opinion even though um I I support putting it in the sped stabilization fund. I think it's a good compromise. It gives the school the flexibility in case of an emergency. to use it without having to go to town meeting, which if we come up with a situation where we need it right away, that's an expensive proposition to have to go to town meeting to get it out of a stabilization a regular stabilization fund. So, I think it's a good place to put it. It shows the town support for the Milton public schools and our kids and it gives the transparency I think that some families and residents have been asking for regarding
071the school budget. So that's just my opinion. Um I would support putting it there. Thank you. >> Thank you Amy. >> Thank you. Um Nathan or Anna just to C if y'all have any thoughts? No pressure, but uh any thoughts or opinions to share? School committee obviously is not an official vote on what we think should happen with 500. We have talked about it a bit. Um nothing nothing substant substantive to add. I heard somebody, I think it was Lizzie, say that we felt like there was consensus in the room between select board and school committee, but I I wasn't actually and I I haven't I haven't heard every single word. Some some things some parts of the conversation have been a little muffled, but um if if we could recap what the consensus in
072the room is, that would be useful for me because I wasn't actually sure that there was consensus. >> Yeah. Yeah. I also don't want to make Winston speak for the entire selection. Uh >> yeah, ex Yeah. Yeah, that's that's true. >> I will say uh for me right now and the board that we I think we want to bring special education stabilization. Um from the conversations I've had with other board members, I think they would also be supportive of that. We would not know until our next meeting, but that's where I think we'd be leading since that's where we started. That was the intent for the fund. That's been the bulk of our conversation about putting in a new special education stabilization fund with the select board. I think that captures the the conversation that
073the board had last week where um there was I mean Winston was the one said well just to be clear the war committee has had some questions about alternative pathways but the the rest of the board when talking about what to do with the half million in terms of if it was going to support the schools was certainly consensus that if it would go into a stabilization fund. Um that was the piece that there was clearance >> and my person one of my biggest personal reasons for that fund is that because we'll put language around it that the committee and the and select board have to meet it forces us to have conversations when cost. So it is a you know built-in mechanism where if you see things going a little bit out of out
074of scope that we have to sit with each other have this conversation and that's one of the big benefits for me because I think as we've all seen in this budget cycle where we're all going through it together the more we're able to talk more if I could add I agree with uh putting it in the stabilization fund and I also think that uh Jay's uh um uh thinking on making sure that it's it's it's a lot more accessible. My my hope, Jay, to to to lean into your thinking is that if we put it in there for FY27, we're hoping to not have to utilize it. We're hoping that we can handle our own business and if that's been 500 stays as a $500 $500,000 figure or even a $400,000 figure carrying 28, then
075then the free cash conversation that you're talking about can happen. We don't have to add to that again. If we're working both sides of this issue, one on the school side, having this as a safety net, then in 28 and 29, if that all holds true in the plan is working, then your idea about free cash being more flexible use in 28 29 to support the school budget or to support other budgets of the town. I think I think it could be a bothand situation. So, I appreciate you thinking like that. I just want to acknowledge that and say it out loud. And I think that we after we get over a certain hump, we can actually do that year to year. But that what your vision can be true in 28 and 29 if
076we were able to put somebody aside to have a safe. >> Yeah. Um I'm sorry Megan dropped off. Obviously I can't speak for Megan, but she's the one who raised to me that my forecast might or might not be realistic, but it's a little precarious. it's it's subject to fluctuations of health insurance, etc. So, I I'm I'm trying to put together a forecast that will support the schools in addition to the rest of the town. And it's it's put in danger. I'm not saying $500,000 will, you know, save or or destroy anything, but I I worry that it's it's being a little shortsighted. But uh but we'll have a discussion of the warrant committee. I mean the the warrant committee is going to make a recommendation town meeting. We are not looking to go rogue.
077We I mean and I'm hoping that members of the school finance committee will be there on Monday. I'm hoping that members of the subport finance committee members will be there on Monday. We're not looking to go rogue and chart our own paths. We want to work together with the two big affected boards. Um yeah, I I I worry that it reduces our flexibility, but again, $500,000 may not make or break anything. >> Yeah. I mean again I I defer personally defer a lot to the the town Amy and Nick as to like how they also again I think are looking at these projections and and what they are split the difference here and find like 300 to one 200 another. I don't know the 500 amount in the cell tube is sacrosan for us. I
078don't want to speak for anybody else. is not necessarily sacrif >> the full 500 I'm sure >> and if that is a lever that then allows for board consensus again we got 300,000 within the special ed stabilization fund that's more than the town has ever had within that account uh and we can talk about adding 200,000 next year and do it a little bit more of an increments if there are concerns it's an idea I I would look a lot to kind of Amy and Nick as we we talk about those projections and hopefully we'll have further conversation within the budget coordination committee on Monday on yeah how appropriate are these projections how tight are they what are the ways in which we are um adjusting them to be able to if I can real
079quick also I I think I don't know if this will happen by Monday well it won't happen by Monday but I feel a lot better about putting money into that account if we had a policy like the one you showed up on the screen real briefly like it's going to come out when special education numbers exceed whatever. Otherwise, I mean, you're going to hear the word slush fund if if we just put money in there. So, >> I don't think we get accused of a slush fund that's legally >> there's a statute. So you >> you miss the only >> the committee is better behaved this year than in previous years but >> you would have >> I think um to March to add to Mark's point um we just said the $500,000 number as
080as Nick presented but you know we're at 1.2% two and two% >> to the point about policy we didn't talk about if we actually want to get to >> right this this started with as a way to support schools put a half million into the fund no contention of adding next year we not spoken about that or or in previous years so are we agreeing that we want to keep it at 500,000 that that policy that was up there for pass their maximum was 500,000 four was 100,000 um we haven't said that. So we want to also put that in the policy. It's like the more keep it at half million or get to the actual% I think and again this is another one this is bent for their their cap and minimum are obviously
081different. So I do think it is something that varies between towns. But I don't think at this point I can say for this we just haven't talked about it obviously haven't talked to you about it. So you think it is it' be nice we already have this policy Jay to your point we don't we need to develop it so that that does affect kind of some of the long-term vision of how we want to fund this over time. Um I think if you can share those to to us and to Jay I think at least he'll be able to say the school like talking about adopting a version of this and taking the best ideas from uh any other feedback thoughts from folks online. >> Nathan, >> ju just a thought on this question of
082policy, Jay. I think it I think it is a it is a fair point that it's even though sped stabilization is is a sort of has legal authorization, it's a fair point to say, okay, we're putting money in without a policy on how we're going to take it out. Um, I think it's highly unlikely that that policy I think it is unlikely that that policy will be created by Monday, but and I don't know what people in the room would think, but if we could could we create that policy um in advance of town meeting um and be prepared to share it at town meeting so people understand how it's how it's um how it's going to be used. warrant committee could take it on faith that that is going to get done and probably
083the policy will look like some of these that Mark has shared with with how things go in, how things go out, floors and ceilings. Um, and you know, if Warren Committee isn't happy with how the policy is developed, you can always green sheet it. I don't know what's I don't know what's reasonable within the next, you know, it's like two months or or six weeks or something. So, you know, we should be realistic about what we commit to. >> Hannah, >> hey, I just had a um just a clarifying question. Um the money that would get put into this special ed stabilization fund, what would that like? Could you give me some examples of what that could be used for potentially versus what we would use circuit breaker for? >> You can use it for
084tuition, special education tuition cost. So if we had a student move in um or if we had a student even change placement. So, if they are currently attending a collaborative um school and they change and um are attending a residential school, there's a pretty significant cost increase. That would be a use of the fund. just anything um special education related that we did not budget for um in the current operating budget or with the current circuit breaker funding is a um would be an example of a cost for the stabilization fund and similar with transportation. If we had a student um that say currently goes to school in Milton and then is placed out of district, we could also use the stabilization fund to cover that transportation cost. >> So then what happens like the
085next year? So if we were able to do that for one year, it would be a reoccurring cost, right? If the placement changes or transportation changes, >> correct? And then the next year, you just have to build that into the budget. So it would be a part of the budget that um is funded by the operating budget and in part by circuit breaker and our federal grant >> special. Yes. And then if for instance, could that money be used for like if you needed to hire another position within the school or no? Or is it strictly for out of district placement and transportation? >> For the stabilization fund, you're not supposed to utilize the fund until um after you have an actual invoice. And I think just if I think about operationalizing it with payroll
086because it's an ongoing expense, I think um it it typically wouldn't be used for a payroll expense because it we'd have to go it' be meeting every two weeks to approve the expense between the select board and the school committees. >> Okay. Thank you. Um, let me can I ask Anna's a question about the ongoing expense? Brought up one thing that I feel like has been missing from this conversation. I know it's 9:15. I'm sorry. Let's say we have a $600,000 placement this year. That cost us $600,000 next this year. Next year, and I'm just riffing on numbers. Next year, the state will give us $400,000 for that kid. Serve, right? Making up numbers. So, it was a $600,000 hit in the first year. oneird as much the next however many years. So I sort
087of feel like that's something that's been missing from this conversation. And >> I think Katie said it pretty well a few moments ago. The the init the reason to reach out into the stabilization fund is is in the year that is an unpredicted cost that we have to go into that account and have that money leave the pressure on that. But then now that that that expense is in the budget now it's predictable. It is predictable for next year. That child is 13 years old. They'll be with us until they're 22. So that that expense now goes into the predictable planning for our next year's certain regular funding and our budget. So it'll become part of the bigger piece of what we're planning. These stabilization accounts for things that are not predictable that may have
088happened in the course of years. So once it becomes part of our expenses, then we can say to hey he this child is part of our cohort folks. It needs to be funded next year. and they'll just be built into the traditional year expenses whether that makes the number go up or down whatever that means for that that'll be part of the >> right >> and that's why it's important to have multiple funding sources right that's why from a budgeting perspective that's why we talk about stabilization we talked about operating and we tal because it's unanticipated this year because no next year and I we we would have different pockets of money to be able to handle those expenses. Right now, we pretty much just have the operating budget. We didn't have any service breaker.
089We don't have a stabilization fund. And so, that's really difficult because you have one source of money. We're trying to make it so that there are pockets of money for different expenses at different times that we can rearrange so that it um helps with our financial stability and it helps with our long range planning. Um seems to me that most of this conversation kind of runs for course that I think Winston needs to talk to other members of the SC select board and um obviously whatever involvement kind of don't have coordination between them and the warrant committee um will will happen. I don't hear your point on kind of timeline but the school side I think we we've shared our our thoughts. I'll pause for a sec just to make sure there's nothing else members
090online. Um, okay. That said, then I think we'll wrap up that portion as we know. We really appreciate >> Thank Sorry. Can I be the guy and ask a question? Yeah. The >> title one funding >> and I guess I'm just curious if you've had thoughts about a game plan on that or if that would be a place where you'd be looking for additional funding support. It's not 100% yet, but they restore warning. That's pretty rare. Uh we are committed to making work within whatever funding we have. Okay. Uh if anybody wants to to give the the 135 put on the table to make sure it happens, we plan on keeping that service that we will make that folks. Thank you. >> Um for the Thank you. Yeah. finance committee um for the schools and
091outstanding man as well. We have our next meeting scheduled for this Wednesday as we get every week. Love seeing so uh I think on the agenda is draft stuff on draft revolving accounts policies. Um again we've push push that down as we work on budget stuff that some of that document that we kind of work on in fall. >> Yeah. >> Is that a place where next week we think we can talk about it? >> Yeah. >> Okay. Would also be helpful. I mean I can also look at these policies and try to contribute a working draft for stabilization. >> We can do that too. I can work on that too. So next week we revolving fund and stabilization. >> Yeah. Yeah, I think it's yeah but cert and then all the other revolving stabiliz
092I think generally the development of those policies is what we try to get done now >> I think just based off this conversation prioritizing stabilization circuit breakaker would be the best >> totally just for process so um >> and Anna I hope it's okay if I go ahead and ask this question but this is a unique situation because we're talking about a financial policy And so for that reason, I'm wondering if it actually makes sense to work through I if you can work through it at finance. Um I mean a scenario would be that you could work through it first at finance, but just to flag that the policy subcommittee is also responsible for policy. So I think that maybe it's something where we need to be doing more work at the joint like the
093full meetings rather than subcommittees either or >> um I don't Anna >> Yeah. Thanks for suggesting. >> Yeah, I mean I think my hope would you know defer really to um not trying to keep this in finance. So I could just basically policy that's fine. I just generally think whichever subcommittee should just work with John and Katie >> get a draft and that draft and like generally get feedback from that you know group of three members refine that a little bit and then you obviously any policy needs to come through. I think we can, you know, more than some of the policies we talk through where it's really just like a reading. It's a pretty kind of standard policy. I'd anticipate we want to have for more discussion than other policies when we bring this
094to full school committee and might need more than even just two rounds of meetings to kind of get that feedback. >> Um, >> obviously also I think two we can we do crossost the finance one, we do crossost the policy ones. I can in my mind finance makes more sense just because we meet more regularly. Yeah. as like the working group to try and get them in together, >> but would love to have any and every member attend that just so that folks feel involved and connected. >> Um, but definitely don't don't want to step on toes of other members here and things like that. That makes sense to you, Anna, >> is the chair of that. >> And there's also a little urgency expedited in order to the warrant to do our due diligence
095to support the timing of them from the time we need warrant to make sure that they bill. There's some concrete language being discussed. >> Seems like a reasonable goal. >> Yeah, I agree. >> Or I guess Nathan said to have the a policy in place by town meeting that's feasible. >> Yeah, agreed. And one of our goals from the start of the year is to create these policies before the end of the year. Um so we're going to we're going to get there. Um uh all right. Anything else we need to discuss on the 20 next Wednesday or on obviously at a certain point we'll need to put on the list the town meeting presentation but that's few weeks out of that probably >> so I can I can let Charlie know uh special education
096stabilization fund policy discussion can I I'll just walk over circuit breaker policy discussion and then I'm going to add some other revolving account because we might take this does that make sense? >> Sure. Okay. Any other questions? Things we should discuss on the agenda? If not, then I will u take a motion to adjurnn. So moved. >> Uh I will second. Uh all in favor? Uh Nathan? >> Yes. >> Uh and I'm a yes. So we are ajourned. >> Thank you. >> Thanks everyone.