02 / 04 / 2019
  - 01:48:07 PM
The Hopkinton Town Manager Has Submitted A Recommended Budget And Financing Plan For Fiscal Year 2020

By MyFM's Rick Michaels - The Hopkinton Town Manager has submitted a recommended budget and financing plan for Fiscal year 2020 which begins on July 1st of this year and reflects an increase of about 7.6% . In a letter to the Hopkinton Board of Selectmen, Town Manager Norman Khumalo is recommending a budget that totals $93.8 million, including an operating budget of just over $79 million with a proposed capital budget of $5.6 million. Khumalo says the budget and financing plan represents careful and balanced choices, required to meet the Town’s diverse needs and priorities, identified by boards and committees as well as maintaining excellent quality services, responding to the emerging needs of the town and minimizing any required tax increase.

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