Friday, February 20, 2009

"You'd have to change the marketplace"


In continuing discussions about presenting a three-year fiscal plan for the town, the Financial Planning Committee last night generally agreed that without some kind of structural change the town's expenses will outpace its revenue indefinitely.

Most towns in the state are contending with the same problem, even affluent communities such as Newton, said Town Councilor Shannon Zollo, who is also a planning committee member.

"Our budget goes up a lot more than 2.5 percent every year, it's more in the 4 or 5 percent range," said Town Administrator Jeffrey D. Nutting.

Read the full article in the Milford Daily News here

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