Wednesday, December 5, 2012

"having money left over is always a good thing"

In the Franklin budget process, the Finance Committee gets the preview of the budget before it goes to the Town Council. In their meeting Tuesday, they were shown the plan to cover the capital budget in two phases for this time around. The first phase is underway and is scheduled for Council vote in Jan 2014. The second phase is scheduled to complete in Apr/May 2014. The Milford Daily News reports on the meeting in part by writing:
The Finance Committee reviewed most of the plan, including spending requests from the fire, police, technology, library and school departments — during its meeting Tuesday night. 
The committee will examine the remaining requests, from the Department of Public Works and water and sewer departments, at its Jan. 8 meeting, before spending the rest of that month reviewing the plan in its entirety and then making a recommendation to Town Council. 
Calling his strategy fiscally conservative, Nutting wants to prepare the town for strains on the budget resulting from a potentially harsh, snowy winter and a possible decline in local aid prompted by shortfalls in state revenue.

Read more: http://www.milforddailynews.com/news/x719501763/Franklin-may-go-easy-on-capital-improvement-plan#ixzz2EAjBdwA2