01 / 24 / 2018
  - 04:13:50 PM
Franklin Town Council Looks At Town Expenses
  

By MyFM's Rick Michaels - The Franklin Town Council will meet tonight and be presented with the 2017 audit of town expenses as well as hearing from sub-committees on the budget, capitol projects and economic development.  Franklin Town Administrator Jeff Nutting says the town is looking at a shortfall of anywhere from three-and-a-half to five-million dollars for the Fiscal Year 2019 budget.  The audit for the Fiscal Year 2017, which ended in June of last year, showed total stabilization funds at six-point-seven million dollars.  Town Councilors will discuss a couple of resolutions dealing with a local tax on marijuana retail sales and establishment of a tax rate and review a by-law amendment to add language requiring developers to clean up any mess they leave on the street where they’re working.  Nutting says he’s proposing this because of the cutting of trees for a sub-division off Maple Street resulted in mud and dirt all over the road.  The Council will also be reviewing water and sewer rate increases of 10-percent for the upcoming Fiscal Year.  The water hike would help pay to finish some projects and the sewer increase will do the same.  If not free cash will have to be used and further capital improvements will have to be put off.

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