Wednesday, November 5, 2008

In the News - 2010 Budget planing starting

GHS
Posted Nov 05, 2008 @ 01:35 AM

FRANKLIN —

Thanks to the sour economy, Franklin is looking at a possible shortfall of several million dollars for fiscal 2010, and a subsequent "major reduction in force ... townwide," Town Administrator Jeffrey D. Nutting told the Finance Committee last night.

It is still too early to estimate how much the shortfall will be, said Nutting.

That figure, he said, depends on the result of Question 1 (to repeal the state income tax), and assuming there aren't any changes in revenue projections. According to last night's numbers, Massachusetts voters shot down the effort to repeal the income tax.

Nutting's projection was not discussed at length, as it was not an issue on last night's meeting agenda, but he mentioned it when he told the board he will ask department heads to submit budgets in early December.

Read the full article in the Milford Daily News here

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