The projected budget deficits for Franklin FY 2021 and beyond

The one page spreadsheet depicts the projected budget deficits facing Franklin for fiscal year 2021 and beyond. This page was part of the handout for the Joint Budget Subcommittee meeting on June 19, 2019. 

Plans have started for an override to be put before the voters for the FY 2021 budget. The specific amount and details remain to be finalized. The timing of the override vote also remains to be determined.

Agenda doc
https://www.franklinmatters.org/2019/06/joint-budget-subcommittee-meeting-june.html 

As acknowledged in the meeting, these numbers are projections. The rationale and timing for 'finalizing' the numbers is outlined by Town Administrator Jamie Hellen is captured in the audio recording of the meeting:
https://www.franklinmatters.org/2019/06/fm-167-joint-budget-subcommittee.html

You can download a copy of the spreadsheet
https://drive.google.com/file/d/1UMZFs6fJxSHB6gj_yKVCldt2oOjd8jPg/view?usp=sharing

Franklin FY 2021 and future projected budget deficits

In the news - deficit ahead, museum name

Despite passing a $2.7 million override last year to prevent drastic cuts in schools, the town is again facing an estimated $3-$4 million deficit this year, according to Finance Committee Chairman Jim Roche.

State leaders say Franklin, when compared with other towns, is in good fiscal shape and receives more state aid than many of its counterparts.

They have been doing well. My district is one of the highest communities in terms of getting money (from the state),'' said state Sen. Scott Brown, R-Wrentham.

Likewise, state Rep. James Vallee, D-Franklin, said, ``Franklin gets more state aid than almost any other community in Massachusetts, especially with six or seven new buildings.''

Read the full article in the Milford Daily News

---------------------------

As part of its move to the former senior center on West Central Street, the Horace Mann Museum is getting a new image.

For starters, Horace Mann is getting the boot in favor of a less confusing title that does not imply a museum for the historical figure, said Carol Harper, chairwoman of the Historical Commission. The Historical Commission, which runs the museum, wants the public to know the building showcases Franklin artifacts - such as straw hats manufactured here by the same company that supplied hats for the movie, "Gone with the Wind," Harper said.

Read the full article in the Milford Daily News