During the start of the Finance Committee's budget hearings for town departments last night, Town Administrator Jeffrey D. Nutting said he anticipates Franklin will run a deficit of $5 million to $6 million for fiscal 2011.
"I have no doubt about it," Nutting said.
Wage and health care co-pay concessions made by all town and school staff are only a one-year stopgap, he said.
"We're building ourselves into a hole for fiscal 2011 - but the other alternative is to lay off 62 teachers and about 35 municipal employees," Nutting said.
Read the full article about the Finance Committee meeting in the Milford Daily News
Read all the live reporting posts covering the same meeting here
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