Thread by @FranklinMatters

First of 3 budget hearings for the Finance Cmte tonight at 7, follow along with the Town budget docs here - franklinma.gov/town-budget/we… #fincom0508 all of the Town, except Public safety & schools tonight

6 members present in Chambers, 2 others via Zoom, total of 8 (1 missing) #fincom0508

Key slide on expected revenue the budget is built on, new growth less and the prior debt exclusions (schools) are winding down so that revenue drops off as the years pass

"Not an optimist nor a pessimist, more a realist in the forecasts" in answer to the question as to how the numbers are derived #fincom0508

There is more funding going to the charter school than the Chap 70 provides, the Cherry Sheet has the ins and outs and the charter school balance is negative about $300k #fincom0508

The slide should have been added to go with the charter school comment #fincom0508

Additional slides that Jamie is talking to

More slides

Last slide with the link to the budget details for FY 2024 franklinma.gov/town-budget/we… #fincom0508

Scrolling along, budget by department budget, many of the major increases were covered in the overview provided by Jamie, otherwise minor inflation and or standard cost increases easily see and relatively understood. #fincom0508

Open ? On technology, town side shown, can check with Tim on Weds for details #fincom0508

Only the between dept transfers are required approval by Town Council, within a Dept, each lead can manage their individual cost items as long as they stay within their bottom line #fincom0508

14 cent electric rate set for town for 4 years, not sure what the municipal aggregation rate will be later this year. Stay tuned... #fincom0508

Deputy position to do the work for which has already been funded but hasn't been gotten to because of other time commitments #fincom0508 composting project for school food waste, gradually expanding across the district, the heaviest trash item, so ...

Removing the food waste will be eventually saving some 'tonnage' about neutral now, but expecting to do more as we go #fincom0508

Recreation dept self supporting, and more than that, over 6500 kids registered this year, every property used in some way to provide services #fincom0508

The detailed debt schedule

Beaver St interceptor will be financed through the State at 1.5%
Health savings acct has been a big win for benefits (i.e. savings) shown in how little the increase is year over year #fincom0508

Current projects, page header says 2022 but is it really 2023 work on this link franklinma.gov/public-works/n… #fincom0508

With the shift of the storm water costs to the storm water utility, we actually get $600k as a roads line item, not much but better than we have ever had. Had only been able to use Chap 90 and ARPA funds to repair roads #fincom0508

Motion to adjourn, passes 8-0 #fincom0508

That's all for tonight catch you next time! Tues, School Committee meeting!

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