The first pass of the Fiscal Year 2025 (FY 2025) budget as presented to the Joint Budget Subcommittee meeting last week shows the Town of Franklin facing a $10.1 million deficit. The numbers will continue to be worked. As discussed during the meeting, breaking news that afternoon showed a reduction in the projected cost increase for health care that had just been received. That will be adjusted for future budget discussions.
The timeline for the budget development is as follows:
School Committee budget public hearing - March 19School Committee votes on school budget recommendation - April 9Town of Franklin FY 2025 budget scheduled for release - April 12Joint Town Council & School Committee Mtg - Apr 24Town Council meeting May 1 (determine yes or no for override, if yes, sets date & amount)Finance Committee budget hearings - May 6, May 8, May 15 (vote)Town Council budget hearings - May 22, May 23 (vote)Override date - June 11 for $6.8M
If there were to be an override, the decision on “When?” is as critical as “How much”? Election requirements call for 35 days notification of a vote on a ballot question. Hence, a vote scheduled for June would have to be decided no later than early May
Town override page -> https://www.franklinma.gov/town-budget/webforms/fy25-override-information
Town budget page -> https://www.franklinma.gov/town-budget/webforms/fy-25-budget-materials
School budget page ->
https://www.franklinps.net/district/school-district-budget/pages/1-fy2025-budget
Recent meetings/interviews/documents (most recent on top, scroll down for prior)
- FY25 Budget Open Hearing -> (budget book) https://www.franklinps.net/sites/g/files/vyhlif4431/f/uploads/fy25_complete_budget_book.pdf
- Audio link -> https://franklin-ma-matters.captivate.fm/episode/fm-1161-franklin-ma-school-cmte-mtg-03-19-24
- Franklin TV video link -> https://www.youtube.com/watch?v=2YXw4dnXUqk
3/06/24 - Joint Budget Subcommittee meeting
Joint Budget audio recap with Mercer, Conley & McNeill -> https://www.franklinmatters.org/2024/03/tom-george-david-recap-joint-budget.html
Franklin TV video link -> https://www.youtube.com/watch?v=D33RO5xYoUg
Meeting agenda -> https://www.franklinma.gov/sites/g/files/vyhlif10036/f/agendas/joint_budget_subcommittee_meeting_agenda_-_march_6_2024.pdf
Presentation document link -> https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/2024-03-06_fy25_budget_slides_jbsc.pdf
3/05/24 - School Committee Superintendent’s budget
Chalkboard chat audio session recapping SchCmte meeting & Joint Budget meeting -> https://www.franklinmatters.org/2024/03/this-chalkboard-chat-recaps.html
Franklin TV's video recording of the meeting is available for replay -> https://www.youtube.com/watch?v=0sEe-JcCn_k
The agenda doc can be found online -> https://www.franklinps.net/sites/g/files/vyhlif4431/f/agendas/scagenda_3-5-24.pdf
The packet folder containing other documents released for the meeting can also be found online -> https://www.franklinps.net/district/school-committee/pages/march-5-2024-school-committee-meeting
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