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F. Recommended Action: <br /> With respect to short-term budget issues, the ad hoc committee recommends that: <br /> i. The Board and administration review existing operations and develop a plan for <br /> reduction of expenditures for the 2003-2004 school year. <br /> ii. The Board propose and place on ballot at the earliest possible election an <br /> additional operating levy to the fullest extent permitted by law, such levy to be <br /> for a short term(3-4 years). <br /> iii. The Board propose and place on the ballot at the earliest possible time capital <br /> expenchtures levies for$140,000 and$180,000,respectively,to upgrade <br /> curriculum materials and technology. <br /> iv. The Board levy as soon as possible for health and safety issues to the fullest <br /> extent permitted by law without referendum to remediate health and safety <br /> issues. <br /> v. The Board and administration promptly commence a study and develop a plan <br /> for alternative educational delivery strategies to maintain and promote quality <br /> educational programs at reduced costs so as to match. <br /> vi. The Board defer placing a bond levy referendum on the ballot until a strategy for <br /> educational programs delivery and long-term operational funding has been <br /> formulated. <br /> rG. Conclusion: <br /> The ad hoc committee concluded nearly unanimously that short-term funding sources, <br /> including additional operational and capital projects levies ought to be promptly <br /> placed on the ballot. The committee unanimously recommended that the health and <br /> safety levy be implemented to the fullest extent permissible without resort to a <br /> referendum vote. A majority of the committee recommended that the issue of a bond <br /> levy referendum for facility improvements be deferred pending formulation of a long- <br /> term strategy for school operational funding. <br /> Respectfully submitted, <br /> Thomas E. Brever <br /> Ad Hoc Finance Committee Chair <br />