Episode Details

This session shares the Finance Committee meeting conducted Wednesday, January 14, 2026. 8 members of the Committee participated, 1 absent.

The recording is in 2 parts: 1 for the economics of development, 2 for the capital budget

Quick recap ->

1. Board of Assessors and Town Staff: The Economics of Development, residential valuations are based upon residential property sales and comparables. Commercial Industrial valuations are more complicated in that there is a revenue factor for how much money the operations is actually making (confidentially reported to the Assessors) along with several other factors. The repeated phrase was "it's complicated"
2. We did hear that there is NO issue with water supply or sewer capacity. Police and Fire are understaffed (but managing as best they can for the volume), Schools built extra capacity as part of the redistricting effort. The per pupil amount talked of is not what each net new student would cost. There are existing capacities to handle some number of students without adding a teacher
3. Part of the agenda included an update on the abatement process which was not covered and seems to be deferred to a future meeting (TBD)
4. The capital budget first pass was approved after a lengthy discussion. Town policy calls for funding multiple stabilization accounts, this year only the OPEB account was proposed for funding due to the budget shortfall and that it had not been funded last year.
5. The OPEB fund resolution passed 8-0-1 (1 absent)
6. The first pass at the tier 1 capital requests accounted for $1.8M and was proposed to amend to remove the sprinkler system work required at the Senior Center. The amendment was meant to reserve the additional $750K for the potential budget deficit. The motion to amend after a lengthy discussion failed by a 1-7-1 (1 for, 1 absent, 7 against removal for the item). The vote on the original resolution passed 7-1-1 (7 for, 1 against, 1 absent)

The recording for Part 1 - Economics of development runs just over 2 hours

The recording for Part 2 - the capital budget runs just under 2 hours

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Franklin TV video for replay -> https://www.youtube.com/watch?v=BaC9XFahY1M

The agenda and released documents for this meeting -> https://ma-franklin.civicplus.com/AgendaCenter/ViewFile/Agenda/_01142026-2089

My notes collected in one PDF -> https://drive.google.com/file/d/1qRDOyvDbYn1A5DqogXU-4DpgjpwYvRNH/view?usp=drive_link

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