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LETTER: Town of Framingham in 'Great Financial Shape'

Chasan: "Thanks to our CFO and strong Town Meeting support, Framingham is in great financial shape as long as we encourage new development, redevelopment and maintain structurally balanced operations and reserve fund levels."

I would like to thank Framingham Town Meeting and the Chief Financial Officer (Mary Ellen Kelley) for the good news that Framingham has just gotten a high credit rating, which means a low interest rate for borrowing.  

After studying the town’s economics,

Examples of good financial planning are: increased funding of the Stabilization Fund which is now at $8.8 million, and  the health care retirement fund (OPEB) receiving $1.5 million.  

So, thanks to our CFO and strong Town Meeting support, Framingham is in great financial shape as long as we encourage new development, redevelopment and maintain structurally balanced operations and reserve fund levels.


Herb Chasan,
Town Meeting Member, Precinct 4

Jim Rizoli June 19, 2012 at 04:14 AM
In other words....lets spend some more money! Jim@ccfiile.com
Joe Rizoli June 19, 2012 at 07:22 PM
Well, I gues we can hire those forty policemen now. Or maybe you can use some of the money to fix the Amsden building with its four boarded up windows so downtown can stop looking like a Brazilian Favala. Joe Rizoli

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