03 / 14 / 2019
  - 12:06:44 PM
The Franklin Town Council Was Told To Expect The Need For An Override
By MyFM's Rick Michaels - The Franklin Town Council was told last night to expect the need for an override, when work begins on the Fiscal Year 2021 budget and while work is underway on the Fiscal Year 2020 spending package, the town is also coming up short. Franklin Town Administrator Jeff Nutting says the town is slowly holding our own, as the population grows and people are living longer, putting a strain on town services and it’s likely a level service municipal and school budget will require an additional two million dollars in revenue. Nutting says fixed costs such as health insurance and pensions and a school funding formula, which has the town losing education money, as more kids move to the expanded Charter School in the town. The loss of State Aid next year could total about a million dollars.  Superintendent of Schools Sara Ahearn told town councilors last night…the School Committee approved about a $67 million budget for Fiscal Year 2020 reflecting about a 5.7% increase. Ahearn noted enrollment is down, however fixed costs, critical need services for the kids, money for special needs and unfunded state mandates are the reasons the schools need more money. Nutting says there’s no quick fix, the situation will continue into fiscal year 2021 when a $4 or $5 million override may be needed as the situation could worsen in the following years, should the economy hit a big bump in the road.

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