Friday, March 27, 2009

"Capital projects like the senior center did not put the town in debt"

Posted Mar 27, 2009 @ 12:22 AM


In one of its final tweakings of a long-term financial plan and report for the town, the Fiscal Planning Committee decided its wants to stress that the recession is not responsible for Franklin's recurring deficit.

"We have a crisis trend, a recurring fiscal deficit ... and it's been exacerbated by the macro-fiscal crisis," said Councilor Shannon Zollo.

The committee should give one set of recommendations for dealing with the current crisis in the short term, and another set for ending the structural deficit, Zollo suggested.

Echoing Zollo's sentiments, Vice Chairman Doug Hardesty said, "The fundamental message is, with or without this economic crisis, this problem exists in Franklin."

Committee members agreed that they do not want people to have a misperception that the recent salary freezes agreed to by town unions solves the structural deficit problem.

Read the full article in the Milford Daily News here

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