"Anticipated bumps in the town’s financial road are giving way to potholes as the town enters a new fiscal year on July 1.Continue reading the article online (subscription may be required)
In the face of significant economic impacts stemming from the COVID-19 global pandemic, Town Administrator Jamie Hellen said the town is bracing to travel “a turbulent road” - but how turbulent will depend on the level of cuts that may trickle down in local aid from the state, and the total fallout from loss of local receipts during the economic shutdown.
“The bottom line is FY21 will be a very turbulent road, if not a devastating one that will likely have far reaching effects on the service delivery to the community,” Hellen wrote in his executive summary as part of the town’s initial $131.8 million budget plan.
He also said the situation will “require every department to develop new protocols, question spending, rethink service delivery and prepare for unchartered territory. The situation will also require significant engagement from all stakeholders and citizens in the community.”
https://www.milforddailynews.com/news/20200617/for-franklin-turbulent-financial-road-ahead
Links to FY 2021 budget materials
a. Voting Document for the FY21 Franklin Town Budget
i. FY21 Budget Message from the Town Administrator https://www.franklinma.gov/town-budget/files/fy21-town-administrator-budget-message
ii. FY21 Town Administrator Proposed Budget https://www.franklinma.gov/town-budget/files/updated-budget-councile
iii. Appendix A
iv. Appendix B1 Franklin School Committee Recommended FY21 Budget Executive Summary (https://www.franklinps.net/sites/franklinmaps/files/uploads/02._executive_summaryrevised.pdf), Appendix B2 Franklin School Committee Recommended FY21 Budget (https://www.franklinps.net/sites/franklinmaps/files/uploads/fy21_sc_approved_budget_overview.pdf)
- Appendix C1 Historic Data: Budget Breakdown https://www.franklinma.gov/town-budget/files/appendix-c1-historic-data-budget-breakdown
- Appendix C2 Historic Data: Operating Revenue https://www.franklinma.gov/town-budget/files/appendix-c2-historic-data-operating-revenue
- Appendix C3 Historic Data: Fixed Cost https://www.franklinma.gov/town-budget/files/appendix-c3-historic-data-fixed-costs
- Appendix C4 Historic Data: Local Aid https://www.franklinma.gov/town-budget/files/appendix-c4-historic-data-local-aid
- Appendix C5 Historic Data: Local Receipts https://www.franklinma.gov/town-budget/files/appendix-c5-historic-data-local-receipts
- Appendix C6 Historic Data: Assessments https://www.franklinma.gov/town-budget/files/appendix-c6-historic-data-assessments
- Appendix C7 Historic Data: New Growth https://www.franklinma.gov/town-budget/files/appendix-c7-historic-data-new-growth
- Appendix C8 Historic Data: Free Cash Balances https://www.franklinma.gov/town-budget/files/appendix-c8-historic-data-free-cash-balances
- Appendix C9 Historic Data: FC & RE https://www.franklinma.gov/town-budget/files/appendix-c9-historic-data-fc-re
https://twitter.com/TOFranklinMA/status/1272968359953522688?s=09
![]() |
The budget hearing underway at FHS on Wednesday night |
No comments:
Post a Comment