This will be second of two meetings to review the Capital budget. You may recall that these capital budget hearings are usually held in November/December. The hearings are late this year as the State was late to certify the free cash total for Franklin.
Free cash is neither free nor cash. It is the accounting result of under spending what was authorized for the prior year's budget expenses, and receiving more revenue than had been forecast in the FY 2018 budget.
Franklin has historically used the free cash amount to build the individual stabilization funds (general, recreation, fire truck, etc.) and to fund the capital needs for the Town departments.
Capital budget presentations are scheduled from
- Schools
- Facilities
- Technology
- Recreation
After hearing all the presentations, the Finance Committee will vote to recommend some or all of these (with or without modifications) to be brought to the Town Council for their review and vote.
The agenda document for the Jan 15 meeting can be found on the Town of Franklin pages
Jan 15
https://www.franklinma.gov/sites/franklinma/files/agendas/2019-01-15_finance_committee_agenda.pdf
My meeting notes from the Jan 8 meeting can be found
https://www.franklinmatters.org/2019/01/finance-committee-capital-budget-part-1.html
The audio recording for the Jan 8 meeting can be found
https://www.franklinmatters.org/2019/01/fm-156-finance-committee-capital-budget.html
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| The Finance Committee as it begins the Jan 8 meeting at the Senior Center |
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