In the News - long term plan, state budget woes

Franklin planners: Override or cut services loom

from The Milford Daily News Homepage RSS by Ashley Studley/Daily News staff

Minor corrections to the article. The reports distribution will be to the committee for final review, then to the Town Council to prepare them for their meeting Oct 21. Once finalized, then the report will be available to the current Town Council candidates and to the general population.

The report currently on the Town website is the version reviewed at the open forum held April 27 and reported on here.

Bottom line, the report was brought up to date with the current numbers. When developed earlier this year all the numbers were projections for the FY 2010 budget. Now that the budget is finalized, those numbers were updated throughout the report.

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State budget gap could grow from bad to worse

from The Milford Daily News Homepage RSS by John Hilliard/Daily News staff

One of the reasons that the job of the Financial Planning Committee is challenging is that due to the overall economy, the State revenue projections and hence the State aid coming to Franklin are in flux. As much as the FY 2010 budget was 'finalized", the State aid counted on to operate this year may be reduced later this year.

Bottom line - stay tuned in to the developments on the budget from the State level to Franklin. Why are we so tied together? Over 30% of our revenue comes from the State.