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"The impact of going to a half-day program would ... lead to a reduction in our foundation budget, which would significantly impact our Chapter 70 money," Goodman said, adding the district's foundation budget for kindergarten is $3.4 million for this school year.
Goodman said it is too early in the budget process to determine exactly how much money Franklin would lose by switching programs.
The district might save money in fiscal 2012 because next year's state aid is determined using October 2010 enrollment, but Franklin would likely lose money in subsequent years, Goodman said.
"This analysis really shows, at least from my perspective, that over the long run financially it's a loser," School Committee member Ed Cafasso said. "The financial evidence is fairly overwhelming that one year of savings would be wiped out every other year."