Wednesday, June 3, 2009

"a reasonable approach"

Posted Jun 03, 2009 @ 12:25 AM


Given the uncertainty of how much local aid the state will give Franklin, Town Administrator Jeffrey D. Nutting is recommending Town Council adopt the Finance Committee's budget, and make necessary changes in July.

He also told the Finance Committee last night that he senses, based on recent visits to the State House, legislators will not finish their budget until the end of June.

"We're $876,000 short, according to the Senate budget, the latest budget. One option is to cut our budget today, but that causes unnecessary panic," because the state could turn around and give Franklin additional funds, Nutting said. The town budget for next year is about $88 million.

Town officials could also take a middle line, and reduce the budget by $400,000 or $500,000 now, he said, but he advised the simplest option, of adopting a preliminary budget and making cuts later.

Read the full article in the Milford Daily News here

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