Franklin is looking at a $5 to $5.2 million budget shortfall next fiscal year, right in line with the gap most Massachusetts communities will contend with, Town Administrator Jeffrey D. Nutting told the Finance Committee last night.
Nutting is still waiting for a few numbers, on health insurance and the debt, to further pinpoint the shortfall, he said.
The town does have one glimmer of hope to offset the damage, Nutting noted: Gov. Deval Patrick's proposed hotel and meals tax proposal.
The hotel tax would net Franklin about $150,000, and meals tax, $850,000, Nutting said.
"It hasn't become law, but it would take a million-dollar bite out of the apple," Nutting said.
Read the full article on the FINCOM meeting from 2/3/09 in the Milford Daily News here
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