Franklin Matters: Live reporting

Wednesday, November 18, 2009

Live reporting - Action items

picking up on the action items started earlier

2. Resolution 09-72: Acceptance of Gift – Senior Center

Kelly abstaining as Rotarian and writer of the grant
Motion to approve, passed 8-0, 1 abstain

3. Resolution 09-73: Endorsement of the Five Year Financial Outlook Report

The text of the resolution is as follows:

Endorsement of Five Year Financial Outlook
WHEREAS, The Town Council, elected on November 3, 2009, hereby endorses the Five Year Financial Outlook (FY 2010 to FY 2014), as presented in the final report of the Long-Range Financial Planning Committee, dated October 15, 2009. This endorsement is based on the belief in the following:
• The information regarding the Town’s finances (past, present, and future) appears fair and balanced, free from discernable bias and complete in all material respects.
• Franklin has been prudent and resourceful in its spending and allocation of resources
• The report confirms the ongoing fiscal concerns that Town officials have been communicating.
• The Town faces a structural deficit that we can reasonably expect to continue for the foreseeable future; accordingly, projected deficits in the future could be significant.
• The question of school/municipal services or higher property taxes will be an ongoing concern for the community to address.
• Town officials and residents should view this matter with urgency and continue to address the Town’s financial challenges using proactive methodology.
NOW THEREFORE, BE IT RESOLVED THAT THE TOWN COUNCIL endorses the Five Year Financial Outlook (FY 2010 to FY 2014), as presented in the final report of the Long-Range Financial Planning Committee, dated October 15, 2009.
This Resolution shall become effective according to the rules and regulations of the Town of Franklin Home Rule Charter.

Motion to approve, 9-0