Franklin (MA) Matters

This session shares the Finance Committee meeting conducted Wednesday, January 15, 2025. 7 members of the Committee were present in Council Chambers on the 2nf floor of the Town of Franklin municipal building for this session (2 absent). Many of the Town department leaders were present and participating as needed. School Superintendent Lucas Giguere participated as did Interim School Business Administrator Jana Melotti along with consultant Dr Bob Dutch.Quick recap Town Administrator Jamie Hellen walking the committee thru the memo on the capital budget https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/04a._fy25_capital_improvement_plan_memo.pdf Many clarification questions on what for when, as well as possible reallocation of the recommendation. Chart on free cash is for information purposesFirst resolution on use of free cash for the capital budget resulted in a discussion around amending the amount and creating a technology stabilization fund but ultimately that did not get amen