“Overall, the budget is only up about 2 percent. … It’s a pretty modest budget. We still are near the bottom in all spending categories for towns our size,” Town Administrator Jeffrey Nutting said.
Unfunded health insurance liability, stormwater management and roads are potential fiscal hardships for 2014, Nutting said.
School Committee Chairwoman Paula Mullen presented her committee’s proposed $52.7 million budget, up from about $51.1 million this year.
Mullen said Chapter 70 funding, or state aid for schools, is expected to be $26.86 million, which will cover 51 percent of the budget.
Read more: http://www.milforddailynews.com/news/x1347547568/Franklin-Town-Council-approves-budget-in-first-hearing#ixzz1vmQyukYL
Related post on the Franklin budget hearing process