The Finance Committee unanimously approved the School Department's $50.3 million, level-funded budget, as recommended by Town Administrator Jeffrey D. Nutting, though school officials are banking on getting up to another $3.5 million to help keep pace with rising costs.
The budget does not reflect the School Department's final budget, as the School Committee is expecting at least $1.5 million worth of revenue from state and federal funds, and possibly another $800,000 from wage concessions by the teachers union, said Chairman Jeffrey Roy.
The School Committee is aiming for a level-service budget, at just over $53.8 million, and is still optimistic about closing the budget gap between the two versions, Roy said. "We've been targeting a level-service budget since the beginning of this process," Roy said.
The budget has been a moving target, with so many unanswered questions about funding, such as how much Franklin schools will get from state aid and the federal stimulus package, he said.
Read the full article about the Finance Committee meeting in the Milford Daily News here
In addition to what the article references, the Finance Committee also approved the Information Technology budget. The coverage of the complete meeting can be found here.
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