Thursday, April 18, 2024

Finance Committee approves policy revisions, gets a summary of the FY 2025 budget & vents frustrations (video)

The Finance Committee met on Wednesday, April 17, 2024 as scheduled at 7:00 PM. 8 members participated, 5 in the Council Chambers, 3 remotely, 1 was absent. With the hybrid participation all votes were via roll call.

Agenda doc ->

Franklin TV video is available for replay -> https://www.youtube.com/watch?v=TgLQtP8Z1AM

Quick recap:
  • Voted to approve both sets of minutes with an 8-0-1 (1 absent) vote via roll call
  • After discussion and clarification questions, only one modification to remove a number and leave the percent in the policy to maintain the stabilization account was voted also by the 8-0-1 (1 absent) vote via roll call
  • Town Administrator Jamie Hellen gave a set of slides to highlight the proposed FY 2025 town budget
    • photos were capture of the slides shown ->   https://photos.app.goo.gl/4yBm9c9BQNaG9sJZ7
    • Slide deck to be posted to Town page on Thursday (link to be added when available)
    • Joint School Cmte and Town Council meeting scheduled for April 24 at Franklin High School
    • Town Council to vote at May 1 meeting, (a) if there is to be an override, (b) when it would be, and (c) the amount 
  • Frustrations with
    • lack of action by multiple parties to avoid the fiscal cliff we are now facing
    • lack of action on the redistricting decision by prior parties as it could have a potential fiscal impact at least long term if not short

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