03 / 18 / 2019
  - 09:59:46 AM
Franklin Finance Committee to Review Department Head Budgets

By MyFM's Rick Michaels - The Franklin Finance Committee will begin the process tonight of reviewing the budgets presented by department heads, as members say next year’s Town Budget as well as the following Fiscal Year spending package will be challenging.  As the Fincom begins reviewing budgets, just standard contractual salary increases and health insurance increases, will virtually outstrip the amount of revenue allowed to be raised under the constraints of proposition 2 ½ . Fincom Clerk George Conley appeared before the Town Council last week urging residents concerned about a possible override in Fiscal Year 2021 to attend the Fincom meetings, when members go over department budgets line by line. Conley says typically, no residents bother to attend the Finance Committee meetings, where members have  also been putting together a list of future projects over the next five to ten-years. Among the most expensive projects a Police Station study, on the renovation and expansion to the current police station, likely costing between $20 and $30 million dollars. The Beaver Street Interceptor design and replacement, that could run between $25 and $30 million dollar and a recent plan that showed a $40 million dollar backlog for roads and parking lost, in municipal and school parking lots. The Franklin Town Council last week discussed the possible need for a $4-5 million override for Fiscal Year 2021.

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