Wayland Town Crier 1/12/10: More talks on Wayland Public Schools budget cuts. The Finance Committee delivered some good news in a grim budget season this week with the announcement of adjusted budget guidelines that positively impact previously requested expense reductions. Revenue that was not in the FinCom’s original estimates for fiscal 2011 includes $150,000 in additional new growth, revenue from the local options meal tax passed at special Town Meeting in November, and some savings in utility costs. New revenue and utility savings will reduce the town’s budget shortfall from $1.7 million to $1.4 million in FY11, which lasts from July 2010 to June 2011. The school budget share of that adjusted expense reduction is $980,000, giving the administration $210,000 to work back into their budget. The town share of the adjusted expense reduction is $420,000. FinCom member Cherry Karlson delivered the welcome news to the School Committee at its meeting on Monday night following her committee’s vote to approve the new guidelines. However, Karlson warned this is not a cause for optimism. The FinCom wants all town departments to find ways to control expenses and grow revenues to achieve sustainable change in next year’s town budget.