In the Benjamin Franklin Classical Charter School parking lot, or as many would refer to to it, the former St Mary's School parking lot. Off Pleasant St, near the corner of Man St in Franklin.
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It's time for Franklin to become more transparent with its taxpayers about the annual financial windfall inappropriately known as "free cash."
Free cash is the extra money left over after the city balances its budget every June 30. It's revenue that Franklin collected from taxpayers but didn't spend. The free cash amount for the fiscal year that just ended is rumored to be nearly $3 million, although whether the official figure will be disclosed and discussed before the Nov. 8 municipal election remains to be seen.
We are somewhat bewildered by Ed Cafasso's recent Letter to the Editor (Oct. 14) titled "Free cash: Franklin's best-kept secret." Let's start with the title of his letter and the use of the word "secret." Franklin's free cash policy is anything but secret. Anyone can go to franklin.ma.us, enter "free cash" in the search string and be delivered a trove of information about Franklin's free cash, including the policy itself, historical amounts, etc. Further, each and every Finance Committee meeting cites the current amount of free cash as part of its publicly posted agenda.Read the rest of the Council's letter here: http://www.milforddailynews.com/archive/x804699069/Bewildered-by-free-cash-concern-in-Franklin#ixzz1bPNclpbo