Showing posts with label finances. Show all posts
Showing posts with label finances. Show all posts

Tuesday, May 13, 2025

Town of Franklin Receives ‘AAA’ Bond Rating from S&P Global Ratings

The Town of Franklin is proud to announce that S&P Global Ratings, the leading provider of independent credit ratings, has assigned its prestigious ‘AAA’ long-term rating to the Town. 

This marks the third consecutive year the Town of Franklin has received a ‘AAA’ rating — the highest possible from S&P Global Ratings — recognizing the Town’s consistent strong financial practices, sound fiscal stewardship, and commitment to long-term financial stability.  

"This ‘AAA’ rating reflects the Town’s strong commitment to responsible fiscal management and long-term planning,” stated Town Administrator Jamie Hellen. “This is a true team victory and the result of hard work and collaboration across our finance team, elected leadership, department heads, and the entire municipal and town staff”.
Town of Franklin Receives ‘AAA’ Bond Rating from S&P Global Ratings
Town of Franklin Receives ‘AAA’
Bond Rating from S&P Global Ratings

The S&P report highlights the Town’s stable financial profile supported by strong financial management policies and indicates the ‘AAA’ rating reflects Franklin’s “affluent and diverse tax base and strong financial management, both of which have helped fuel a track record of strong financial performance and the maintenance of steady reserves.” In the report, the Town is also recognized for continued cautious budgeting practices and making expenditure adjustments as necessary to maintain positive operations despite revenue-raising limitations and ongoing cost pressures.

Kerri Bertone, Chief Financial Officer, adds that “This rating highlights our shared commitment to financial stability, accountability, and transparency. It’s a reflection of the diligence of our finance team, the guidance of our elected officials, and the support of our entire community." 

The ‘AAA’ rating will enable the Town to borrow at the most favorable interest rates, directly benefiting Franklin taxpayers by reducing the cost of capital for infrastructure and community investments.

S&P Bond Rating letter dated May 6, 2025

Friday, May 9, 2025

Town Council Quarterbacking condenses the almost 3 hour meeting May 7, 2025 to 30 minutes (audio)

FM #1443 = This is the Franklin Matters radio show, number 1443 in the series. 


This session of the radio show shares our “Town Council Quarterbacking” with Town Council Chair Tom Mercer. We had our conversation via the Zoom Conference Bridge on Thursday, May 7, 2025. Our conversation condensed the Town Council meeting of May 7, 2025. 


We focus on two questions:

  • ok, what just happened? 

  • What does it mean for Franklin residents and taxpayers?


Quick recap:

Town Clerk Nancy Danello provides some updates on the early voting, last day to register, etc. for the FY 2026 override special election June 3

School Committee Chair Dave Callaghan provides some updates on the redistricting efforts, how the savings will lay the foundation for the future assuming the override does pass


Recognition

Police Department - Swearing in of New Police Officer, Tyler Hosley

Police Department - Recognition of New Town of Upton Chief of Police, Chief Nicholas Palmieri, former Sergeant of the Franklin Police Department


Public hearing

New Section 12 Restaurant All Alcoholic Beverages License and Approval of Karan Goswami as the Manager - Kaushik Restaurants Inc. d/b/a Mirchi Indian Cuisine. 


Public hearing

Zoning Bylaw Amendment 25-935: A Zoning Bylaw to Amend Chapter 185, Section 24, Floodplain District. No comments or questions from public or Council, had also been approved by Planning Board  Motion to move to 3nd reading, second, passes 9-0


License Modification - Change of Manager of a Section 12 Restaurant All Alcoholic Beverages License: The Chateau Restaurant of Franklin, Inc. d/b/a The Chateau, Motion to approve, second, passes 9-0

Presentation: 


FY 24 Financial Audit - Scott McIntire, CPA, Managing Director, CBIZ, we have a clean audit result this year. Scott compliments the Town for preparing and executing in the audit, Entirely new set of staff to conduct this audit, a clean audit opinion. This reflects an evaluation of the internal controls of the Town operations

Jamie also updated that the recent bond application resulted in renewal of our AAA rating, a major accomplishment to continue this

What does the triple AAA mean? The lowest interest rate is available to use and will save us millions of dollars; Beaver St interceptor project is at 1.5% interest, in today's market it would be about 4%


Legislation for action

Resolution 25-28: Extension of the Time Period for the Automatic Reverter Contained in the Deed of Former Town-owned Land Off Panther Way Previously Conveyed to the Franklin Municipal Affordable Housing Trust Fund; Motion to approve, second, passes 9-0


  • Zoning Bylaw Amendment 25-927: A Zoning Bylaw to Amend Chapter 185, Section 3 of The Code Of The Town of Franklin, Definitions (Shared-Use Commercial Kitchen) - Second Reading;

  • Zoning Bylaw Amendment 25-928: A Zoning Bylaw to Amend Chapter 185, Attachment 3, Use Regulation Schedule, Part II Principal Uses (Shared-Use Commercial Kitchen)  - Second Reading; 

Both measures Motion to approve, second; Discussion, there has been interest expressed; Passes 9-0 via roll call


TA Report highlights

Budget hearing May 21-22, will be continued to June 4 to do the votes that night after the override results are available


How does development affect the budget? Jamie will do his best to address, will be beneficial for community discussion as part of the hearing 5/22. Jamie will be attending the ZBA meeting at the request of the chair and members. Will be part of other discussions on the 444 East Central St item for as long as it goes


The conversation runs about 30 minutes. Audio link -> https://franklin-ma-matters.captivate.fm/episode/fm-1443-town-council-quarterbacking-05-08-25/



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


The Franklin TV recording is available for review -> https://www.youtube.com/live/BjLJUaJedMc&t=389 


The agenda and released documents for this session ->    https://www.franklinma.gov/AgendaCenter/ViewFile/Agenda/_05072025-1719


My notes collected in one PDF -> https://drive.google.com/file/d/1YrOYu85-re20L0v7tmmAvCY2e54ir5sY/view?usp=drive_link 


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


We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  


This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.


How can you help?

  • If you can use the information that you find here, please tell your friends and neighbors

  • If you don't like something here, please let me know

  • And if you have interest in reporting on meetings or events, please reach. We’ll share and show you what and how we do what we do


Through this feedback loop we can continue to make improvements. I thank you for listening.


For additional information, please visit Franklinmatters.org/ or www.franklin.news/


If you have questions or comments you can reach me directly at shersteve @ gmail dot com


The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission.


I hope you enjoy!

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


You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"


Town Council Quarterbacking condenses the almost 3 hour meeting May 7, 2025 to 30 minutes (audio)
Town Council Quarterbacking condenses the almost 3 hour meeting May 7, 2025 to 30 minutes (audio)

Wednesday, May 7, 2025

Fiscal Audit Report for FY 2024 on Agenda for Town Council Meeting - May 7

Among the key items on the Town Council agenda for Wednesday, May 7, 2025 is the annual audit report. 
 
You can preview the doc and then follow along as the auditor provides the highlights. As I read it, it is a clean audit with no management letter.
 

Sunday, May 4, 2025

Franklin, MA: Town Council agenda for meeting scheduled May 7 at 7 PM

Franklin Town Council
Agenda & Meeting Packet
May 7, 2025 - 7 PM

1. ANNOUNCEMENTS FROM THE CHAIR
a. This meeting is being recorded by Franklin TV and shown on Comcast channel 9 and Verizon Channel 29. This meeting may be recorded by others.
b. Chair to identify members participating remotely.
c. Upcoming Town Sponsored Community Events.

2. CITIZEN COMMENTS
a. Citizens are welcome to express their views for up to three minutes on a matter that is not on the agenda. In compliance with G.L. Chapter 30A, Section 20, the Open Meeting Law, the Council cannot engage in a dialogue or comment on a matter raised during Citizen Comments. The Town Council may ask the Town Administrator to review the matter.
Nothing herein shall prevent the Town Administrator from correcting a misstatement of fact.

3. APPROVAL OF MINUTES - None Scheduled.

4. PROCLAMATIONS / RECOGNITIONS
a. Police Department - Swearing in of New Police Officer
i. Tyler Hosley
b. Police Department - Recognition of New Town of Upton Chief of Police
i. Chief Nicholas Palmieri, former Sergeant of the Franklin Police Department

5. APPOINTMENTS - None Scheduled.
 
6. PUBLIC HEARINGS
a. New Section 12 Restaurant All Alcoholic Beverages License and Approval of Karan Goswami as the Manager - Kaushik Restaurants Inc. d/b/a Mirchi Indian Cuisine, Located at 14 East Central Street, Franklin, MA 02038
i. License Transaction #7a.

b. Zoning Bylaw Amendment 25-935: A Zoning Bylaw to Amend Chapter 185, Section 24, Floodplain District
i. Legislation For Action #9a.  https://ma-franklin.civicplus.com/DocumentCenter/View/5509/6b-Floodplain

7. LICENSE TRANSACTIONS
a. New Section 12 Restaurant All Alcoholic Beverages License and Approval of Karan Goswami as the Manager - Kaushik Restaurants Inc. d/b/a Mirchi Indian Cuisine, Located at 14 East Central Street, Franklin, MA 02038  https://ma-franklin.civicplus.com/DocumentCenter/View/5506/7a-1---LICENSE-TRANSACTION---Kaushik-Restaurants-Inc-d_b_a-Mirchi-Indian-Cuisine---Google-Docs
b. License Modification - Change of Manager of a Section 12 Restaurant All Alcoholic Beverages License: The Chateau Restaurant of Franklin, Inc. d/b/a The Chateau; Located at 466 King St., Franklin, MA 02038  https://ma-franklin.civicplus.com/DocumentCenter/View/5525/7b-Chateau-Change-of-Manager

8. PRESENTATIONS / DISCUSSION
a. Presentation: FY24 Financial Audit - Scott McIntire, CPA, Managing Director, CBIZ

9. LEGISLATION FOR ACTION
a. Zoning Bylaw Amendment 25-935: A Zoning Bylaw to Amend Chapter 185, Section 24, Floodplain District - First Reading (Motion to Move Zoning Bylaw Amendment 25-935 to a Second Reading - Majority Vote) 
https://ma-franklin.civicplus.com/DocumentCenter/View/5507/9a-ZONING-BYLAW-AMENDMENT-25-935---Flood-Plain---Google-Docs

b. Resolution 25-28: Extension of the Time Period for the Automatic Reverter Contained in the Deed of Former Town-owned Land Off Panther Way Previously Conveyed to the Franklin Municipal Affordable Housing Trust Fund (Motion to Approve Resolution 25-28 - ⅔ Majority Vote) 
https://ma-franklin.civicplus.com/DocumentCenter/View/5515/9b-25-28---Extension-of-Time-Period-for-Automatic-Reverter---Panther-Way

c. Zoning Bylaw Amendment 25-927: A Zoning Bylaw to Amend Chapter 185, Section 3 of The Code Of The Town of Franklin, Definitions (Shared-Use Commercial Kitchen) - Second Reading (Motion to Approve Zoning Bylaw Amendment 25-927 - ⅔ Majority Roll Call Vote)  
https://ma-franklin.civicplus.com/DocumentCenter/View/5512/9c-27-927-and-27-928---Shared-Kitchens

d. Zoning Bylaw Amendment 25-928: A Zoning Bylaw to Amend Chapter 185, Attachment 3, Use Regulation Schedule, Part II Principal Uses (Shared-Use Commercial Kitchen) - Second Reading (Motion to Approve Zoning Bylaw Amendment 25-928 - ⅔ Majority Roll Call Vote) 
https://ma-franklin.civicplus.com/DocumentCenter/View/5513/9d-1---ZONING-BYLAW-AMENDMENT-25-928---Use-Regulations---Shared-Use-Commercial-Kitchen-1

10. TOWN ADMINISTRATORS REPORT

11. SUBCOMMITTEE & AD HOC COMMITTEE REPORTS
a. Capital Budget Subcommittee
b. Economic Development Subcommittee
c. Joint Budget Subcommittee
d. Police Station Building Committee
e. GATRA Advisory Board

 
12. FUTURE AGENDA ITEMS

13. COUNCIL COMMENTS

14. EXECUTIVE SESSION - None Scheduled
 
15. ADJOURN
 
The agenda doc also includes remote participation info -> https://www.franklinma.gov/AgendaCenter/ViewFile/Agenda/_05072025-1719
  
Franklin, MA: Town Council agenda for meeting scheduled May 7 at 7 PM
Franklin, MA: Town Council agenda for meeting scheduled May 7 at 7 PM

Wednesday, March 26, 2025

What's happening in Franklin, MA: Wednesday, March 26, 2025 ???

For additional details on Library & Senior Center events ->      https://www.franklinma.gov/calendar.aspx?CID=37,24&showPastEvents=false
For additional details on Library & Senior Center events ->     
https://www.franklinma.gov/calendar.aspx?CID=37,24&showPastEvents=false
Wednesday, March 26

* "Look Up" Gallery (Franklin Public Library during open hours)


1pm Scribblers Writing Group (recording session) (Franklin Senior Center) 
6pm All Town MICCA Showcase Concert (Bands) (Franklin High School)
7pm Evaluating Your College Financial Aid Offers (Dean College)






** NO  Town Meetings today   **


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


Why are there multiple calendars?
What's happening today in Franklin?
What's happening today in Franklin? 
Respectfully, the Library and Senior Center calendars are too full of events to include all their events so we tend to focus on the major events. Town and School meetings are also kept separate. Links for all the calendars are shared here:

Find the full Community event calendar  https://bit.ly/FranklinCommunityCalendar

If you have an event to add to the calendar, you can use the form to submit it for publication:  https://bit.ly/Submit2Calendar

The Library calendar of events ->    calendar link
The Senior Center calendar of events ->   https://www.franklinma.gov/calendar.aspx?CID=37&showPastEvents=false

Evaluating Your College Financial Aid Offers - March 26

What to Expect

Evaluating Your College Financial Aid Offers - March 26
Evaluating Your College
Financial Aid Offers - March 26
Not all college financial aid offers are created equal. For families with students recently accepted to college, making sense-and cents-of the various financial aid offers they receive can be a difficult and confusing process. This session will focus on better understanding the nuances associated with financing a higher education and the many aspects that contribute to net cost, including merit scholarships, need-based grants, state and federal aid, student and parent loans, the FAFSA and beyond. The event will include a Q&A period.

Presenters
  • Jean Ricker, Assistant Vice President, Student Financial Planning Dean College
  • Bonnie Quinn, Director, Student Financial Services  Wellesley College

Wednesday, March 26, 2025 7:00PM
Golder Room, 2nd Floor, Dr. Paula M. Rooney Student Center, Dean College

Sponsored by Woods Career and College Counseling. 
For more information, contact Kathleen Woods at kwoodsp5@comcast.net.

Register for this event -> https://bit.ly/3QCdZfd

Wednesday, March 12, 2025

Discussion on curriculum, middle school math, and universal design for Franklin Schools (audio)

FM #1402 = This is the Franklin Matters radio show, number 1402 in the series. 


This session shares my conversation with Dr. Tina Rogers, Assistant Superintendent for Teaching & Learning; Dr. Timothy Frazier, Director of Curriculum ELA & SS; and Eric Stark, Director of Curriculum STEM. We had our discussion in person in the Franklin Public Schools Central District offices on Thursday, March 6, 2025. 

 

We cover 

  • Middle School math curriculum changes

  • Universal design, and tiered support

  • Overall curriculum evaluation plan and processes

  • Excitement of synergies coming with the redistricting


The recording runs about 50 minutes, so let’s listen in. Audio link -> https://franklin-ma-matters.captivate.fm/episode/fm-1402-franklin-public-schools-curriculum-disucssion-03-06-25/


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


Teaching & Learning contact information

https://www.franklinps.net/page/teaching-and-learning


The Middle School math update presentation to the School Committee Jan 28, 2025

https://core-docs.s3.us-east-1.amazonaws.com/documents/asset/uploaded_file/4780/FPSD/5247238/January_28__2025_MS_Math_Update_to_SC_for_Website.pdf



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

We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial. 


This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.


How can you help?

  • If you can use the information that you find here, please tell your friends and neighbors

  • If you don't like something here, please let me know

  • And if you have interest in reporting on meetings or events, please reach. We’ll share and show you what and how we do what we do


Through this feedback loop we can continue to make improvements. I thank you for listening.


For additional information, please visit Franklinmatters.org/  or www.franklin.news 


If you have questions or comments you can reach me directly at shersteve @ gmail dot com


The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission.


I hope you enjoy!

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


You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"


Discussion on curriculum, middle school math, and universal design for Franklin Schools (audio)
Discussion on curriculum, middle school math, and universal design for Franklin Schools (audio)

Tuesday, March 11, 2025

Evaluating Your College Financial Aid Offers - March 26

What to Expect

Evaluating Your College Financial Aid Offers - March 26
Evaluating Your College
Financial Aid Offers - March 26
Not all college financial aid offers are created equal. For families with students recently accepted to college, making sense-and cents-of the various financial aid offers they receive can be a difficult and confusing process. This session will focus on better understanding the nuances associated with financing a higher education and the many aspects that contribute to net cost, including merit scholarships, need-based grants, state and federal aid, student and parent loans, the FAFSA and beyond. The event will include a Q&A period.

Presenters
  • Jean Ricker, Assistant Vice President, Student Financial Planning Dean College
  • Bonnie Quinn, Director, Student Financial Services  Wellesley College

Wednesday, March 26, 2025 7:00PM
Golder Room, 2nd Floor, Dr. Paula M. Rooney Student Center, Dean College

Sponsored by Woods Career and College Counseling. 
For more information, contact Kathleen Woods at kwoodsp5@comcast.net.

Register for this event -> https://bit.ly/3QCdZfd