Recap: Finance Committee - further discussion required on draft debt stabilization policy

Quick Recap:

• Mostly discussion on the debt stabilization policy outline (no specific text draft yet). There was Q&A and a healthy discussion. Motion ultimately made to table the policy for additional discussion in next meeting. There is no rush to decide now; motion to table to June 16 meeting, passes 9-0
• With the Senate budget now released, Franklin actually is scheduled to lose about $23K from the House budget, however, once Senate makes their budget final, House and Senate will need to reconcile before sending it to the Governor.
• Discussion for June 16 meeting, scheduled for 6 PM start (again before the Town Council at 7) means that the debt stabilization topic is practically the only one for the time allotted.

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As with most meetings in this pandemic period, I took my notes via Twitter during the meeting reporting in real-time via the virtual session
 
The Twitter hashtag can be found online  #fincom0519
https://twitter.com/search?q=%23fincom0519&src=typeahead_click 
 
Photos captured during the meeting and shared via Twitter can be found in one album https://photos.app.goo.gl/7zJbzAcpmKJneQLr8
 
The agenda doc for this meeting can be found
https://franklinma.gov/sites/g/files/vyhlif6896/f/agendas/5-19-21_fincom_agenda.pdf

• I am getting ready for the Finance Committee meeting at 6. Are you? The agenda doc and connection info can be found -> https://franklinma.gov/sites/g/files/vyhlif6896/f/agendas/5-19-21_fincom_agenda.pdf. #fincom0519
  
• Meeting opens, full set of membership for this session in Council Chambers. Motion to approve, all 4 sets of minutes for the hearings, seconded, passes 9-0 Moving to budget stabilization policy. #fincom0519
  
• Mostly discussion on the policy, Q&A, good discussion hard to recap until it is done. #fincom0519
  
• Motion to amend, withdrawn. No motions currently. Being tabled for additional discussion as no rush to decide now; motion to table, seconded, amended motion to table to June 16 meeting and review some text, seconded, passes 9-0 #fincom0519
  
• At next meeting masks not required. #fincom0519 Senate proposed budget is $23k less for FY22 than FY21. This is a structural issue and will be seen regularly (Franklin will need to increase support for school budget). For next 5-10 years likely to be similar.
  
• Budget stabilization likely only topic for Jun 16. Motion to adjourn, passes 9-0 #fincom0519

Audio of meeting to be available in a couple of days

Recap: Finance Committee - further discussiostan required on draft debt stabilization policy