Saturday, May 29, 2010

Frequently asked questions: "Can’t we keep using money from the stabilization fund"

Can’t we keep using money from the stabilization fund to get rid of our budget deficits?

No. Using one-time monies to pay for ongoing costs is what leads to deficits. The funds we have set aside now are the minimum we need to have on hand in the event of a disaster or serious emergency. If we use any more of this revenue to pay for annual costs, the money won’t exist to help the town through a crisis. And once the money is spent, how would the town continue to pay for important services year after year? If the town decided to use the entire $5 million rainy day fund in the town’s fiscal 2011 budget, how would it find that same amount when it came time to pay for the fiscal 2012 budget?

One of a series to address frequently asked questions


The special election on June 8th gives Franklin voters the choice:

Increase taxes to continue to provide the services we have this year (and that does not restore any of the services already cut)


Continue to cut municipal services for all and cut educational opportunities for our children

I'll help to provide the information. You need to do two things:
  1. Make your choice
  2. Vote on June 8th

You get bonus points if you talk with your neighbors about this and get them to vote!

Additional information on the override can be found here:

Franklin, MA

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