Franklin Matters: Inside the Proposed FY 2020 Town of Franklin proposed budget

Tuesday, April 30, 2019

Inside the Proposed FY 2020 Town of Franklin proposed budget

In answer to some questions on rising cost of health insurance and it impact on the budget, I offer the following. Per the budget voting document released for the Finance Committee for the March 18, 2019 meeting I have copied the following numbers.

1 - Rising health care costs drive benefits

	FINAL - FY 2017	FINAL - FY 2018	FINAL - FY 2019	Proposed - FY 2020
Subtotal, Employee Benefits	10,955,567	11,693,882	12,360,354	12,315,354

Will the benefits line item really come down in 2020?

Probably not. These numbers are preliminary and will likely change before the Town Council sees the 'final' budget numbers for their May budget hearings (May 22-23)

Rising health care costs drive benefits

2 - How much is the School budget part of the whole Town budget?

	Proposed - FY 2020 Percent
Subtotal, General Government	8.9%
Subtotal, Public Safety	10.5%
Subtotal, Education	57.5%
Subtotal, DPW - Highway	4.2%
Subtotal, Human Services	0.6%
Subtotal, Culture & Recreation	1.4%
Subtotal, Debt & Interest	5.9%
Subtotal, Employee Benefits	10.6%
Subtotal, Liability Insurance	0.5%
	100.0%

The Schools budget here includes Tri-County, Norfolk Ag and the Franklin Public Schools. As near as I can tell, the Charter School portion comes in and out on the State funding lines of the budget document.