Every tax is a pay cut. Every tax cut is a pay raise.
Citizens for Limited Taxation
|Framingham's Long Term Financial Report 2011 - 2015|
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First, there is the budget gap.
I understand that the town departments have been advised to prepare budgets that have 4% and 8% cuts. I might suggest culling the large herd of public employees by 10%. Cummulative information from the annual reports on the retirement fund shows that the herd has significantly expanded in recent years.
General Fund revenues by type.
General Fund alternative revenues by type
General Fund expenditures. This does not include OPEB (see last page).
Pension funding schedule
Other Post Employment Benefits (OPEB) funding schedule.
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