|As the city of Salem roils over layout notices, and other towns struggle with tight budgets, Gov. Deval Patrick told municipal leaders Friday that he feels their pain. Patrick said he understands that they are experiencing tight fiscal times.|
Click through to read the details in this Override Central story in the Boston Globe.
Franklin is not that far away from Salem in this case. Financial mismanagement created their shortfall. The Forensic Report was presented Wednesday night to the joint Town Council and School Committee, as I re-read the report and listen to the presentation again, I am not convinced that we are out of the woods on this episode.
"The deficits in 2006 and 2007 raise concerns over the School Department's level of spending in fiscal 2008. There will be more Circuit Breaker available in 2008 than in 2007, as there is no carry over deficit to be applied to the 2008 expected receipts. However, there was a deficit in Special Education Tuitions even with the full Circuit Breaker receipts for both fiscal 2006 and 2007.From the Forensic Report, page 10. Bold for my emphasis.
In addition, certain other accounts have been in deficit during both fiscal 2006 and 2007. We have prepared the three-year budget analysis, and provided a copy to the interim Director of Financial Operations. That analysis will assist in identification of potential budget shortfalls. However, the schedule is prepared based upon the inclusion of negative revenue items, which needs to be taken into consideration in evaluating the 2008 budget."