From the Franklin Override Information Forum coordinated by the Joint Parent Communication Councils and held on Wednesday, 5/28/08.
Q - What about the "emergency repair and replacement fund"? Can we dip into that?
A - Nutting, there is a minimal cost to the interest. The overall factor is that 4M on an annual budget of 100M is not a lot of cushion. It is not a lot of money in a savings account for a good business. it is similar to our debt. Our debt is going down next year to less than 3%. we are looking to continually reinvest an appropriate amount over time.
A - Doak, over the years from the power plant settlement we have benefited that we did not need to use the money for which it had been set aside to mitigate the power plant.
A - Zollo, to address another myth, 4500-5000 per year in taxes, three children in school, the Zollos are receiving a subsidy for the school education. K-12, would amount to a 275,000 subsidy. You never pay the town back to pay for your children to go through the school system. The value that the average citizen receives is great.
Time: 6 minutes, 47 seconds
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