In his five-year budget forecast, Town Administrator Jeffrey Nutting said on Wednesday that balancing the fiscal year 2015 and 2016 budgets will be manageable, but in the years after the town may have to consider increasing taxes or cutting staff.
Speaking to the Town Council, Nutting emphasized that his message of doom and gloom was not new and could change.
"The trend shows us going negative a few years out," he said, noting that expenses will begin outpacing revenues. "But there’s a lot of unknowns — no need to panic at this point."
Read the full article here: http://www.milforddailynews.com/article/20140214/NEWS/140217568/1994/NEWS#sthash.cX4w7iH2.dpuf
My recap of the meeting can be found here
http://www.franklinmatters.org/2014/02/follow-money.html
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