Friday, May 10, 2019

"the declining enrollment helped us, as a community, be able to fund the services people expect”

From the Milford Daily News, articles of interest for Franklin:

"A good economy should equal a sunny fiscal forecast. 
That’s what many residents believe, said Deputy Town Administrator Jamie Hellen, which is why a cloud of suspicion looms over the town budget’s structural deficit entering fiscal 2020. 
“A lot of people are frustrated. In such a good economy, and a great business climate, how are we in this pickle?” Hellen asked rhetorically. 
The answer includes many factors, some of which are not unique to Franklin, said Hellen. 
According to Hellen, the main culprits of the impending deficit include an increased demand for services, increased health insurance costs, charter school expansion costs, declining school enrollment, other post-employment benefits (OPEP) and the cost of doing business in town outpacing the town’s ability to raise revenue."
Continue reading the article online (subscription may be required)

Other budget related info

Legislative update to Town Council on May 8

State level budget info

Charter School impact on budget

Inside the proposed FY 2020 budget

March 18 Finance Committee FY 2020 budget preview info (audio)

Prop 2 1/2 override process

Rising health care costs drive benefits
Rising health care costs drive benefits

How much is the School budget part of the whole Town budget
How much is the School budget part of the whole Town budget

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