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.
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