Thread by @FranklinMatters

Live reporting for the Finance Committee underway #fincom0928

Vote for new chair, nominations for George seconded, passes via roll call 7-0-1 (Hansen) absent; for vice chair, Natalie nominated, seconded, passes via roll with same vote 7-0-1; for clerk, Nicole nominated, seconded, passes by same 7-0-1 vote (only 8 current members)

First up, discussion on the financial outlook. Town Administrator Fiscal Forecast
franklinma.gov/sites/g/files/…
#fincom0928

State financing for the Beaver St project will be at 1.5% rate, the issues are really with the other project costs, labor, materials, etc
The est at $33M is likely short, by how much TBD. #fincom0928

Discussion on Red Brick Schoolhouse additional funds request of $50,000 - asking for an increase due to the renovation bids coming in higher than forecasted, #fincom0928 vote on recommendation to approve, passes via roll call by 7-0-1 (Hansen absent)

Stabilization Fund Balances - 3 Year Comparison (see page 5 of agenda doc) franklinma.gov/sites/g/files/… #fincom0928 OPEB funding still will grow for a # of years before being spent

Request for future agenda item Board of Assessor's, and with School Committee #fincom0928
Motion to adjourn, seconded, passes via roll
Stay tuned for Town Council meeting at 7

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