"Communities across the state are facing intense financial pressure this spring, as inflation causes expenses to surge.
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| Boston Globe: "That pot of money has pretty much run out" |
In affluent Marblehead, local officials are even considering closing the town library, just two years after a $10 million renovation, to balance the books.
The coastal town has a $7 million budget deficit, as rising health care and employee pension costs outpace tax revenue, Town Administrator Thatcher Kezer said.
“Marblehead on the revenue side has been relying on so-called free cash, basically savings from the past,” Kezer said. “That pot of money has pretty much run out.”
As a worst-case scenario, officials are considering shutting down five other town departments, the Council on Aging, the Health Department (except the health agent), Community Development and Planning, and Recreation and Parks."
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Follow the Franklin Finance Committee Budget hearings April 6 through 9. Get a good dose of information on the school funding tonight at the joint Town Council and School Committee meeting