Town Council is considering approving a $1.34 million capital plan proposed by the Capital Subcommittee that has been endorsed by the Finance Committee and Town Administrator Jeffrey D. Nutting.
Franklin has $1.45 million for capital items, Nutting said, noting the Capital Subcommittee advised transferring the sum from free cash and $50,000 from a new gift account. The plan would leave $84,000 in the free cash account, Nutting said.
"While we all know these are difficult financial times, it is recognized that if we do not fund a capital plan, the problem gets much worse in the next fiscal year," Nutting said.
Read the full article on the proposal for the capital budget in the Milford Daily News here The capital budget will likely be considered for a formal vote at one of the March meetings.
No comments:
Post a Comment