Showing posts with label revenues. Show all posts
Showing posts with label revenues. Show all posts

Friday, January 14, 2022

Finance Committee gets lesson on revenue calculation, a "must listen" for those following the budget

 FM #700 = This is the Franklin Matters radio show, number 700 in the series. 

This session of the radio show shares the Finance Committee meeting held on Wednesday, Jan 12, 2022. 


The meeting was conducted in a hybrid format: 5 of the Finance Committee members were in the Council Chambers along with some of the public, 2 members were remote along with some members the public via conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period. (2 members were also absent)


The recording runs about an hour and 8 minutes, so let’s listen to the Finance Committee meeting Jan 12, 2022. Audio file => https://franklin-ma-matters.captivate.fm/episode/fm-700-finance-committee-01-12-22



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Meeting agenda =>   

https://www.franklinma.gov/finance-committee/agenda/fin-com-agenda-20 


Link to Finance Committee => https://www.franklinma.gov/finance-committee 


My notes for the meeting =>  https://www.franklinmatters.org/2022/01/recap-finance-committee-gets-walk.html 



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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


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"


Finance Committee gets lesson on revenue calculation
Finance Committee gets lesson on revenue calculation


Thursday, January 13, 2022

Recap: Finance Committee gets a walk through on revenue calculation and preview of budget cycle timeline for FY 2023

Quick Recap:
  • Overview of Joint Budget committee proposal to formalize more than had been over the past several years. Members of budget subcommittee of Town Council, School Committee and Finance Committee make up this review, collaborative, and non-voting body
  • Committee gets a walk through on revenue calculation (see page 3 of agenda doc) and preview of budget cycle timeline for FY 2023 (see page 2) The walk through on the revenue calculation is a "must listen" when recording is available
  • Finance polices to be reviewed during next session, potential changes coming to a few of the policies, for review with FinCom before going to Town Council for their approval too

Agenda doc for the Finance Committee, note it has supporting pages with great info ->  https://www.franklinma.gov/finance-committee/agenda/fin-com-agenda-20
 
The twitter thread of my notes taken during the meeting can be viewed in the embedded doc below or at this link ->   https://drive.google.com/file/d/1KHbng2g4Q_CU8bHBeS8Uhp7ezXt6APLX/view?usp=sharing

Audio file to be available in couple of days

 

TA Jamie Hellen provides Overview of Joint Budget committee proposal
TA Jamie Hellen provides Overview of Joint Budget committee proposal


Friday, November 12, 2021

FM #655 - Finance Committee Mtg - 11/10/21 (audio)

FM #655 = This is the Franklin Matters radio show, number 655 in the series. 


This session of the radio show shares the Franklin, MA Finance Committee meeting held on Wednesday, November 10, 2021.


The meeting was conducted in a hybrid format: the seven Finance Committee members present were in the Municipal Building along with some of the public, other members of the public joined via conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period.


The recording runs about 29 minutes.


Links to the meeting agenda and associated documents released for this meeting are included in the show notes. The link to my notes taken during the meeting is also provided.


Let’s listen to this segment of the Finance Committee meeting Nov 10, 2021

 

Audio file ->  https://player.captivate.fm/episode/c3c9189c-91ac-4510-856e-de5712479fc5


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Finance Committee Agenda doc (including connection info) ->  

https://www.franklinmatters.org/2021/11/franklin-ma-finance-committee-agenda.html

 

My notes captured during the meeting -> 

https://www.franklinmatters.org/2021/11/recap-finance-committee-hears-of-fy.html


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


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


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"

 

FM #655 - Finance Committee Mtg - 11/10/21 (audio)
FM #655 - Finance Committee Mtg - 11/10/21 (audio)

Thursday, November 11, 2021

Recap: Finance Committee hears of FY 2022 overall budget reduction of $454K

Quick Recap:
  • New growth had been forecasted to be $1,199,593 and is being revised down to be $1,105,000; the $94,593 less revenue is one piece of several moving parts of the budget

  • The State numbers (Chapter 70, etc.) were finalized in August and now those numbers become real and update what had been expected when the budget was put together in Mar/Apr. The total net change to the bottom line is a decrease of over $400K. The Town side will absorb about $300K and the school budget will be reduced by $93K. The summary of how the decrease is absorbed can be found on page 12

  • Host community agreements are not considered 'general revenue', they are targeted to be mitigations for the impact of the sale of such cannabis products that generate the agreements. They are forecast for a five year revenue period, currently the max allowed under MA general law. The host community agreement funds are therefore allocated to DPW, SAFE Coalition, and Police Department as outlined in the memo/draft resolution on page 13


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As with most meetings in this pandemic period, I took my notes via Twitter. I participated in the meeting in the Council Chambers. 
 
The Twitter hashtag can be found online  #fincom1110
https://twitter.com/search?q=%23fincom1110&src=typeahead_click 
 
Agenda document -> https://www.franklinmatters.org/2021/11/franklin-ma-finance-committee-agenda.html
 
  • #fincom1110 meeting about to start agenda and connection info -> https://www.franklinmatters.org/2021/11/franklin-ma-finance-committee-agenda.html
  • Chair calls meeting to order with 7 members present #fincom1110
  • Town Administrator Jamie Hellen speaks to the adjustments for FY 2022 as part of the annual budget process. Usually done about this time before the tax rate is set in late Nov/early Dec  https://franklinma.gov/sites/g/files/vyhlif6896/f/agendas/fin_com_agenda_nov_10_2021.pdf…  #finCom1110
  • new growth amount to be reduced, use 10 year average, and things have changed since it was forecasted earlier this year #fincom1110 main item of note from memo, packet on page 2, see totals of new growth over last 10 years preparation of savings in good times, paves way
  • "baring any unforeseen circumstances", everyone is seeing disruptions in supply chains; State revenues finalized after our budget was done, so the numbers are finalized at this time - page 7 in the packet show offsets on Charter school revenue vs. assessments #fincom1110
  • pause for Qs on revenue sheet; none at this time -  narrative of memo that intros the doc explains these line item changes #fincom1110 Fire/Police changes due to unforeseen retirements and resulting new hire training/staffing items
  • decrease to Schools also due to the lower revenue growth; Health Dept adjustment due to Health nurse starting later than anticipated, hence salary savings #fincom1110 health ins categories decreases reflect enrollment numbers vs. projections
  • host community agreements are not 'general revenue', they are targeted to be mitigations for the impact of the sale of such; #fincom1110 memo on 13 outlines where the incoming funds would be used
  • page 12 - outlines the total general operating budget adjustments #fincom1110 host agreements currently for a 5 year term;
  • motion to approve general fund adjustments #fincom1110 seconded, passes 7-0 (Corbosiero and Keophanga absent)
  • motion to approve resolution on host agreements, seconded, passes 7-0
  • late receipt of bills from printing (performed during prior fiscal year) #fincom1110 (possible pandemic related problem, hoping it a one time problem) motion to approve, seconded, passes 7-0
  • motion to adjourn, seconded, passes 7-0 #fincom1110
  • stay tuned for Town Council meeting coming up at 7 #tc1110  #fincom1110
 
 Audio recording of meeting to be available in couple of days

 

summary of how the decrease is absorbed
summary of how the decrease is absorbed


Sunday, March 14, 2021

FM #490 - Finance Committee Meeting - 03/10/21 - P3 of 3 - FY22 revenue estimates (audio)

FM #490 = Welcome. This is the Franklin Matters radio show, number 490 in the series. 

This session shares part 3 of the Franklin, MA Finance Committee meeting held on Wednesday, Mar 10, 2021. 

The meeting was conducted in a hybrid format: the Finance Committee members, Town Administrator and key personnel, were in the Council Chambers; the remainder, along with the public, were remote via conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period.

I’ve split the just almost three hour meeting into three logical segments:
  • First - covers the capital budget discussion and vote to approve (approx. 75 minutes)
  • Second covers the public safety presentations and discussion; the MECC, Fire Dept. and Police Dept. (approx. 67 mins)
  • *** Third *** and last but not least a look at the estimate for revenues for the FY 2022 budget. More to come on this as the budget cycle begins in earnest now meeting (approx. 30 minutes)

The show notes contain links to the meeting agenda and to my notes. 

Let’s listen to this segment of the Finance Committee meeting of Mar 10, 2021

Audio file =  https://player.captivate.fm/episode/7ade95d3-e023-4a12-b4fb-72640e702aec


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

Agenda doc   
https://franklinma.gov/sites/g/files/vyhlif591/f/agendas/revised_fin_com_agenda_complete_1.pdf

My notes from the meeting
https://www.franklinmatters.org/2021/03/finance-committee-meeting-recap-topics.html 
 
--------------

We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm).

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

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 Administrator Jamie Hellen explaining the revenue estimates as we start the budget cycle for FY 22
Town Administrator Jamie Hellen explaining the revenue estimates as we start the budget cycle for FY 22


Saturday, March 13, 2021

Finance Committee Meeting Recap: Topics of interest -> capital budget, public safety, and FY 22 budget revenue estimates

Quick Recap:
  • The initial capital budget proposals were reviewed, discussed and approved to bring to the Town Council at a future meeting
  • An overview of public safety from the dispatch operations (MECC), including police (Chief Lunch) and Fire (Chief McLaughlin) was insightful. The answer to "How long does it take for a police new hire to actually take a working shift?" (after training, etc.) is eye opening
  • FY 2022 will present a challenge, the revenue estimates are still early but the gaps will not easily be reconciled without serious discussions. The question remains, how will Franklin address its structural budget deficit? It is not only a school budget problem, it is a town problem
  • Meeting calendar topics discussed and the summer meetings (July and August) were removed from the schedule

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Photos captured during the meeting and shared via Twitter can be found in one album:  https://photos.app.goo.gl/7B8yNDUwNhJueieg8

As with most meetings in this pandemic period, I took my notes via Twitter during the meeting reporting in real-time via the virtual session.
 
The Twitter hashtag can be found online  #fincom0310

https://twitter.com/search?q=%23finCom0310&src=typeahead_click 


  • Real time reporting underway for the Finance Committee meeting tonight #fincom0310 5 of 9 members present for a quorum.   https://franklinma.gov/sites/g/files/vyhlif591/f/agendas/revised_fin_com_agenda_complete_1.pdf  (added later (based upon conversation and questions), the five members present were Dowd, Conley, Dewsnap, Corbosiero, Riley)
  • Late to capital budget due to COVID concerns and snow/ice #fincom0310 (normally starting to review in Dec) projects listed for capital are critical. After doing policy obligations (OPEB, etc.) have $1.6m to work with
  • Not putting aside $ for fire trucks given the 2 recently purchased. Also not putting aside for open space due to the CPA passage and start of the CPC process. #fincom0310
  • Slide down the pages of the agenda doc to bottom page 3 and top of 4 for initial school items
  • #fincom0310 don't typically do trade ins for the vans, usually well beyond useful life hence surplus
  • Municipal bldg had been approved for financing last year, and when out to bid getting a good price so it has come down considerably and can use the free cash instead. #fincom0310 fire dept request mostly annual type items for gradual replacement of some #s regularly
  • Likely to have solution on north Franklin with radio coverage and a new tower possible. Fire happy with analog radio for guarantee of comms on site; all the radios both police and fire go both digital and analog, explanation on article sent by #FinCom0310 chair
  • Tower at Keller/Sullivan will help except for those over the hill and down Populatic. Did submit request for grant with Plainville to replace radios, asking for microphones in this submission. #fincom0310
  • Next up, DPW line items, while borrowing was authorized, they would like to avoid it. Also applying for a MassWorks grants with a local contribution (this amount) to help prioritize #fincom0310 Q on the other items but not in this year's request
  • Next year is a longer list for DPW, #fincom0310 vehicles are usually run until they can't pass inspection. Have milled parts when parts weren't available in channels. Haven't considered using some of the smaller capital items bundled together for a bond issue.
  • An unwritten policy to not use the bond for such a short term item, fire trucks bonded for 10 years, may last 20 which is okay. If it is 5 years life for a ten year bond, not a good deal, likely costing more #fincom0310 discussion at St Mary's intersection, and long waits
  • #fincom0310 is there a central motor pool? DPW runs the pool and watching the life cycles, maintenance, etc. Approx 258 registered vehicles taken care of by DPW with 3 mechanics. As part of green Community, we will be purchasing 2 electric vehicles for town staff near future
  • Next up, the enterprise funds and capital associated with water sewer, etc. #fincom0310 pages 6-7 has these items  https://www.franklinma.gov/sites/g/files/vyhlif591/f/agendas/revised_fin_com_agenda_complete_1.pdf 
  • When you get a new water main, you also get a new road surface. Resolution has correct amount, narrative may have a typo. #fincom0310 Q how old are the tanks? tank is 3rd oldest in nation still in use. Can upgrade pump 4 to feed the hillside tanks and remove Pleasant st
  • Rate payers support the sewer enterprise fund (along with the water  rate payers supporting the water enterprise fund). 150k to look over the Beaver St project to make sure something wasn't missed. #fincom0310 there is a minimum $1m maintained in case
  • Page 8 has other capital wish list items #fincom0310 Q on snow ice use from free cash vs. putting it in the budget, raises a great question on why we are so low in roads and other accounts... 6-7" snow costs 175-250K, calling contractors costs about 8K per hour
  • Does use a 5 year rolling average to start the budget; extra money in snow/ice goes to roads so it is used.  Motion to approve 1st resolution, passes 5-0. #fincom0310
  • 2nd motion passes, same vote, 3rd motion, passes with same vote, 4th resolution 21-16 passes 5-0
  • Next up, MECC presentation. #fincom0310
  • Presentation copy at end of the agenda doc https://franklinma.gov/sites/g/files/vyhlif591/f/agendas/revised_fin_com_agenda_complete_1.pdf …
  • #fincom0310 Mendon and Millville begins dispatch in July, agreements signed work underway to make happen. Who is next after them?
  • Due to development grant to allow for merger of Mendon and Millville into, did create fund to set aside to cover for when we pay the full bill again in FY 2025. As for who is next? We can bring in more with planning. #fincom0310 currently 29 FTE
  • Business calls are not 911 calls but they can be an emergency call. #fincom0310 call efficiency? still too early to really see, do have efficiency within the team and still building the operations. Did just ratify the first dispatcher union contract today at the board meeting
  • Next up Chief Lynch 56 total, 53 sworn officers, description of the divisions and operations. Patrol work 10 hour days four days, then off... Should have 58 for comparable dept of our size. Hired 20 in 4.5 years, yes turnover. Retirements of 6-8 in next three yrs, command staff
  • From hire time to be on the street it is a year (if academy req'd). Better to find an experienced individual to cut down on the time req'd. MA police accreditation underway. Just went thru review today, should find out in month/so. #fincom0310 station study would be nice
  • The building is ok but not enough space, officers dress at home, locker space insufficient. #fincom0310 cruiser fund to replace x per year would be good. Busiest time is in afternoon/evening, between 2-3 PM and 2-3 AM.
  • $90k from DPH, covers the program but if necessary would fund local, Community has received it well, #fincom0310 if dealing with a mental health issues best is going along with the officer, significant savings to avoid court and criminal justice system
  • Over 600 calls between Medway and Franklin last year, clinician is busy and coordinates the service and follow up. #fincom0310 trending up, mental health, domestic violence - decline of break-in, (folks are home) opioid has not gone away, deaths are down but incidents …
  • Completed OneMind training for 20% of dept, want to do more, could use an other clinician, do a lot of training, 72 hours of training/year. Ben is now a certified support dog. Other depts went to the four days to save money, we went to add people back. #fincom0310
  • Chief McLaughlin up next, new hires 4 starting this month so in April we'll be full staffed for the four battalions for the first time ever. #fincom0310 all four groups doing same process, nice span of control in this structure. Volunteer grant Committee, over $250k received
  • Pursuing grants, close to an ISO 1 rating, new ambulance non May, trucks in July and all this during the pandemic, very productive year. #fincom0310 SAFER grant trying for, could provide support for 4 folks for three years. Next up, FY 22 assumptions
  • A good start but still work and numbers to verify, the bottom line initially is about $2.7 short. Some of the delta will go with revisions to some of the assumptions. Some of the remaining will need to be adjusted on the expense side #fincom0310
  • #fincom0310 budget Committee meeting scheduled for Mar 17 before the Town Council meeting. They'll go thru this sheet and any changes. Long explanation (no easy answer) on how to balance the budget ? There is a structural deficit, how do we address it?
  • Aside: given the time length of this meeting, the recording will likely be split into logical segments, one clearly on BUDGET! (Yes, deliberate choice for caps) #fincom0310 the first draft of school budget was posted today, shared at SchCom 3/9 https://www.franklinps.net/sites/g/files/vyhlif4431/f/uploads/fy22_budget_book.pdf 
  • #fincom0310 about to close the meeting with last topic of future meeting topics, page 8 added earlier, OPEB April 14 at Town Council ... likely to cancel the July/August meetings. Motion to adjourn, passes 5-0. That's all for tonight, catch you next time!

 

section of the revenue forecast for FY 22, shows a negative number as the budget cycle starts
section of the revenue forecast for FY 22, shows a negative number as the budget cycle starts

Monday, March 8, 2021

Town of Franklin: Finance Committee - Agenda - March 10, 2021

Finance Committee Meeting
Agenda & Meeting Packet
March 10, 2021 = 6:30 PM


Agenda
1. Call to Order
2. Public Comments
3. Approval of Minutes
4. FY21 Capital Program Recommendations
5. Public Safety & MECC Discussion
a. Gary Premo - MECC Director
b. Chief TJ Lynch - Franklin Police Chief
c. Chief Jim McLaughlin - Franklin Fire Department
6. FY22 Revenue Projections
7. Future Agenda Items
8. Adjourn

Full agenda doc and meeting packet (with connection info)




The Finance Committee Agenda includes an update from the MECC
The Finance Committee Agenda includes an update from the MECC


Thursday, December 17, 2020

MMA: "New video highlights link between taxes and essential services"

From the Massachusetts Municipal Association (MMA)

"The leaders of Lawrence and Arlington share their views on the property tax and local services in a new video from the Lincoln Institute of Land Policy that highlights the connection between taxes and the ability of communities to control their own destinies.

Lawrence Mayor Daniel Rivera and Arlington Town Manager Adam Chapdelaine are interviewed in the nine-minute video, “Property Tax 101: Why the Property Tax,” which explains the importance of the property tax and the value of local government.

“I think about local government as the most important form of government,” Rivera says in the video. “It’s the closest to people. Let me tell you something: if one mayor falls down on the job, if one city council falls down on the job, you feel it immediately. And so local government and the way we fund local government is very, very important.”
Continue reading the article online
 
 
Visit the Lincoln Institute of Land Policy online  https://www.lincolninst.edu/

Direct link to video "Property Tax 101: Why the Property Tax" on YouTube => https://youtu.be/yElQHQjjIxM


Sunday, December 13, 2020

Work begins on the State FY 2022 budget

With the FY 2021 state budget finally approved, work begins on FY 2022

"Next Tuesday, Dec. 15, the House and Senate Ways and Means committees and the governor’s budget office will convene the annual “consensus” revenue hearing, where the Department of Revenue and other fiscal experts and economists will discuss the prospects for the economy and state revenues over the second half of fiscal 2021 and for fiscal 2022.

The virtual hearing will start at 11:30 a.m., with streaming for the public and press available through the Hearing & Events section of Legislature’s website. The event will be closed to the public, and the participants in State House Hearing Room A-2 will be practicing social distancing."

How to listen in to the hearing  https://malegislature.gov/Events

Work begins on the State FY 2022 budget
Work begins on the State FY 2022 budget


Monday, April 20, 2020

“We’re hoping this underlines a strong recovery, but that recovery remains uncertain”

From the Mass Municipal Association we share this:
"State budget writers today (Tuesday, Apr 14, 2020) held an economic roundtable with key experts to discuss the economic disruption and fiscal implications of the COVID-19 pandemic on the Commonwealth.

One of the panelists, the Massachusetts Taxpayers Foundation, projected that tax collections in fiscal 2021 will drop by $4.4 billion, or 14.1 percent below the benchmark that top budget officials agreed to back in January.

The report from the foundation states that sudden and massive layoffs are pushing the unemployment rate up to nearly 18 percent in the current quarter, with 570,000 jobs expected to be lost in just three months, including many in the leisure and hospitality sectors."
Continue reading the article online
https://www.mma.org/state-budget-writers-hear-dire-forecasts-during-economic-roundtable-with-key-experts/

Link to the Legislature’s website for a recording of the hearing
Mass. Taxpayers Foundation Revised FY21 Tax Revenue Forecast – COVID-19 Pandemic (1.3M PDF)


Rep. Michlewitz, Sen. Rodrigues and Administration and Finance Sec. Heffernan during a virtual budget hearing on April 14. (Photo: State House News Service)
Rep. Michlewitz, Sen. Rodrigues and Administration and Finance Sec. Heffernan during a virtual budget hearing on April 14. (Photo: State House News Service)

Monday, April 13, 2020

In the News: "Student Opportunity Act funding in question"

From the Milford Daily News, articles of interest for Franklin:
"Pushed by Senate President Karen Spilka, D-Ashland, and signed into law by Gov. Charlie Baker in November, the $1.4 billion Student Opportunity Act aims to invest in students who have been left behind, such as those with disabilities or limited English skills. It implements the recommendations of a state commission, which reported in 2015 that the state’s outdated school funding formula, known as the foundation budget, underestimates the cost of education by $1 billion annually.

The injection of new cash from the state is meant to begin next fiscal year, which begins July 1. It was included in Baker’s FY2021 $44.6 billion budget, which was based on the projection that the state would collect an estimated $31.15 billion in tax revenue during fiscal 2021.

But economic activity has halted in an effort to slow the spread of the new coronavirus. Nonessential businesses have shut down and residents are staying home to adhere to physical distancing guidelines.

As a result, financial experts expect state revenues will fall."
Continue reading the article online (subscription may be required)
https://www.milforddailynews.com/news/20200412/student-opportunity-act-funding-in-question-coronavirus-pandemic-slows-state-revenues

State revenues are likely to fall, driven by the same circumstances on the local level Franklin's revenues are likely to fall as well. How much is still too early to say. Assuming the 4th quarter of Fiscal Year 2020 sees the dip, the current year budget will need looking at. The revenue forecast for FY 2021 is already in jeopardy as stated by Town Administrator Jamie Hellen in the most recent interview.  (4/10/20(  https://anchor.fm/letstalkfranklin/episodes/Update-from-Town-Administrator-Jamie-Hellen-eclf6n

Getting back to the school budget, the Franklin School Committee holds their budget hearing Tuesday with a remote meeting. The budget presentation and related documents were shared here on Sunday.

https://www.franklinmatters.org/2020/04/franklin-ma-school-committee-agenda.html

Presentation Link =
https://www.slideshare.net/shersteve/fps-fy-2021-budget-hearing-presentation-20200414 


All the documents released for this budget hearing can be found online https://www.franklinps.net/district/school-district-budget/pages/fy-2021-budget

Links I would bring attention to

Franklin, MA:: School Committee Agenda & Budget Hearing April 14, 2020
Franklin, MA:: School Committee Agenda & Budget Hearing April 14, 2020
 

Wednesday, November 20, 2019

"Our mission is to connect, protect and celebrate our local communities”

From the Milford Daily News, articles of interest for Franklin:

"New Media Investment Group and Gannett finalized their merger Tuesday, putting top executives in position to move ahead with plans they believe will transform the new company’s local and national news brands, including USA TODAY, into a reinvented digital media powerhouse. 
The merger creates the largest U.S. media company by print circulation and one that will vie for the nation’s biggest online news and information audience. 
The new company’s CEOs – Mike Reed, who will lead the overall public entity under the name Gannett Co., and Paul Bascobert, who will lead an operating company called Gannett Media Corp. – told USA TODAY in a joint interview that they have a compelling opportunity to reinvent the business and expand digital revenue. Both said the company will continue to focus on its journalistic mission. 
“Our mission is to connect, protect and celebrate our local communities,” Bascobert said. “Great journalism really is the core of that mission. The question really becomes, what’s the sustainable and exciting business model that powers that mission?”

Continue reading the article online (subscription may be required)
https://www.milforddailynews.com/zz/news/20191119/ceos-of-new-gannett-pivot-needed-for-digital-transformation-as-merger-completes