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Finance Committee

Reviews the town's entire budget and makes recommendations on how your tax dollars are spent.

43 items across 6 meetings.

June 3, 2026 · agenda
📋 Proposed
Routine approval of prior meeting minutes.
📋 Proposed
Coming up June 3: committee recommendation on the roughly $152.5M FY27 budget, which uses about $2.029M in free cash to avoid cuts, leaving an underlying structural deficit; tax levy near $100.45M.
💰 ~$152.5M total budget; tax levy $100,453,488; ~$2.029M free cash used
📋 Proposed
Coming up June 3: transfer from MECC stabilization fund into the FY27 operating budget (about $117,000 assumed annually over four years).
💰 ~$117,000 assumed annually
📋 Proposed
Coming up June 3: setting the salary schedule for the full-time elected Town Clerk.
📋 Proposed
Coming up June 3: setting spending limits on departmental revolving funds (fee-supported accounts) for FY27.
📋 Proposed
Coming up June 3: second round of capital spending funded from free cash, including a DPW dump truck purchase.
💰 Free cash funded; amount not specified
📋 Proposed
Coming up June 3: appropriation from the Group Insurance Trust Fund, tied to employee health-insurance costs.
📋 Proposed
Coming up June 3: authorization to purchase a new ambulance via transfer and appropriation.
📋 Proposed
Coming up June 3: annual appropriation and reservation of Community Preservation Act funds (open space, housing, historic, recreation).
📋 Proposed
Coming up June 3: vote on an amended slate of Community Preservation projects recommended by the CPC.
📋 Proposed
Coming up June 3: transfer from snow & ice stabilization into the FY26 operating budget to cover year-end costs.
📋 Proposed
Coming up June 3: capital appropriation from the stormwater enterprise fund, supported by stormwater fees.
• Status unclear
Coming up June 3: informational reports on stabilization fund balances and local receipts through April 30, 2026.
• Status unclear
Future meetings noted for Sept 23, Oct 21, and Dec 9, 2026.
💬 Discussed
Packet includes April 6–8 budget hearing minutes detailing departmental requests, the ~$2M free-cash gap, possible restoration of two police officers and a third ambulance, library funding near minimum, and the Davis-Thayer building's ~$200,000 annual cost.
💰 ~$2M structural deficit; Davis-Thayer ~$200,000/yr; police restore ~$200,774; ~$500,000 Chromebook/capital shifts 📍 Davis-Thayer School; 275 Beaver Street
April 9, 2026 · agenda
• Status unclear
Routine meeting opening.
📋 Proposed
Continued hearing on the FY27 operating budget concludes with final Finance Committee recommendations that shape next year's town spending and tax levy.
💰 FY27 town operating budget (amounts not specified in agenda)
📋 Proposed
Proposal to change which Finance Committee members sit on the Joint Budget Subcommittee, which coordinates school and municipal budgets.
• Status unclear
Upcoming Finance Committee meetings scheduled for May 28 and June 3.
• Status unclear
Routine meeting close.
April 9, 2026 · agenda
• Status unclear
Meeting opens.
💬 Discussed
Continued hearing on the FY27 town operating budget, with the committee set to make its final budget recommendations.
📋 Proposed
Proposal to change Finance Committee membership on the Joint Budget Subcommittee (JBSC).
• Status unclear
Upcoming meetings set for Thursday, May 28 and Wednesday, June 3.
• Status unclear
Meeting ends.
April 8, 2026 · agenda
• Status unclear
Routine meeting opening.
📋 Proposed
Continued FY27 budget review covers Police (210), Fire (220), Regional Dispatch (225), Inspection (240), and Animal Control (292) department operating budgets.
📍 355 East Central Street, Municipal Building
📋 Proposed
Continued FY27 budget review covers DPW operations and all four enterprise funds (solid waste, sewer, water, stormwater) that set resident utility fees.
• Status unclear
Routine meeting close.
April 7, 2026 · agenda
• Status unclear
Routine meeting opening.
📋 Proposed
Continued FY27 budget review for Norfolk County Agricultural School, a regional school funded partly by Franklin assessments.
📋 Proposed
Continued FY27 budget review for Tri-County Regional Vocational School District, another regional school with a Franklin assessment.
📋 Proposed
Continued FY27 operating budget review for Franklin Public Schools — the largest single education budget item affecting local taxes.
• Status unclear
Routine meeting close.
April 6, 2026 · agenda
📋 Proposed
Routine meeting opening.
📋 Proposed
Approve prior meeting minutes.
📋 Proposed
Committee reviews proposed FY27 spending for 16 departments including Town Council, Finance, Assessors, Treasurer-Collector, Legal, HR, IT, Town Clerk, Elections, Conservation, ZBA, Planning, and Purchasing.
📋 Proposed
Review of proposed FY27 budgets for Board of Health, Council on Aging, Veterans Services, and Disability Commission.
📋 Proposed
Review of proposed FY27 spending for Library, Recreation, Historical Museum, Arts & Culture, Cultural Council, and related commissions.
📋 Proposed
Review of FY27 debt service — principal and interest payments on town borrowing — which directly affects the tax levy.
📋 Proposed
Review of FY27 costs for town retirement/pension contributions and liability insurance, two major fixed cost drivers.
📋 Proposed
Upcoming Finance Committee meetings scheduled for May 27, June 3, and September 23, 2026.
📋 Proposed
Meeting adjourns.