Wednesday, May 13, 2015

"we need to properly safeguard the citizens’ investment"

The Milford Daily News gets around to reporting on the Finance Committee's approval of the FY 2016 budget.

The Finance Committee has passed the town’s $113.4 million budget for next fiscal year, submitting its recommendations to the Town Council for final review. 
In a memo to councilors, Town Administrator Jeffrey Nutting said the budget “will be balanced without a requirement to reduce staff, request an override or use other one-time funds.” 
Nutting cautioned of looming fiscal challenges, including an $89 million liability for benefits for retired town employees and a $50 million backlog of critical road and infrastructure repairs.
Continue reading the article here

Franklin Municipal Building
Franklin Municipal Building

Franklin Matter's notes from the budget hearings can be found here

The official budget documents can be found on the Franklin web page here

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