Monday, April 3, 2017

Finance Committee: FY 2018 Budget Hearing #3 - April 5 - 7:00 PM

The third and final budget hearing of the Finance Committee cycle is scheduled for Wednesday, April 5 at 7:00 PM. At this hearing, the Finance Committee will vote on its recommendation for the budget which will go to the Town Council. 

The Town Council in the past couple of years has been scheduled to hold their budget hearings over two meetings. Instead of the deep department level discussions conducted at the Finance Committee, there is a cursory reading of the line items and 'holds' are requested for specific budgets which are then discussed in some detail.

The Town Council needs to hear the budget over the two meetings and apparently has been changing its process to provide less information to the residents on the details and drivers of the budget that used to occur in prior years. At the second hearing, the Town Council votes for the budget that will be governing the funds for all the town and school operations for the fiscal year beginning July 1, 2017 and ending June 30, 2018.

The Town Council budget hearings are not yet scheduled but likely to be in June after the State legislature has developed their House and Senate budgets and some direction on what the 'final' state budget will look like is available. State funding accounts for about 30% of the Franklin revenue side of the budget.

FY 2018 Budget Presentation:

Tri County 390 C -2
Assessors 141 A - 10
Health 510/525 E – 1, E - 7
Planning 177 A - 38
COA 541 E - 38
Library 610 F - 1
Town Clerk 161 A -31
Elections 164 A - 34
Recreation 630 F - 7
Norfolk Aggie 395 C - 6
Debt 710/750 G - 1
Employee Benefits 910 H - 1
Liability Insurance 945 H - 6

Action Items:

FY 2018 Budget Votes

scaffolding added to the library to work on the exterior
scaffolding added to the library to work on the exterior

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