Tuesday, December 17, 2024

Should the Town Council fiscal policy attempt to go this far ???

Did you happen to catch the proposed revision to the Town of Franklin Town Council fiscal policies?

This is scheduled for discussion/action on the Council agenda on Wednesday, Dec 18. 
Budget Stabilization Fund –
i. Used to overcome short term operating budget shortfalls.
ii. Where legal, School revolving fund surpluses should be used for school budget shorfalls prior to authorization of a Budget Stabilization fund transfer to ensure the Town maintains a AAA Bond Rating. The School Department should maintain a minimum target of at least $1 million in surpluses for unforeseen emergencies.
Find the full "track changes" proposal ->

Why? 

Just starting with "Where legal" acknowledges they are going off track. There is no need to include the item, period.

Should the Town Council fiscal policy attempt to go this far  ???
Should the Town Council fiscal policy attempt to go this far  ???

No comments:

Post a Comment