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Foxboro

Foxboro $890,000 in red




FOXBORO - With a second round of state aid cuts looming, the town is facing an $890,000 shortfall in its current budget and expects the revenue problem to continue in future years, Finance Director Randy Scollins said.

This year's shortfall is also attributed to less new growth tax revenue than the town had anticipated, Scollins said. That revenue, mostly from Patriot Place, the shopping and restaurant complex next to Gillette Stadium, and Chestnut Green, the commercial and housing development at the former Foxboro State Hospital, was expected to help bail the town out of the economic crisis more than it has.

Scrambling to come up with ways to make up the deficit, selectmen put off the November town meeting to December.

Voters on Dec. 14 will likely be asked to approve budget reductions for various town departments.

With salaries making up most of the budget, town employees may be asked to consider a wage freeze next year to save their jobs, officials warn. Scollins said layoffs this year are unlikely, but next year are a real possibility, especially if unions take a hard line against wage concessions.

Selectman Larry Harrington said in the corporate world, many workers have accepted wage concessions to save jobs.

Scollins recommended that next year the town set level funded operating budgets, which differ from more costly level service budgets.

"The fundamental issue is that expenses are growing faster than revenues - the issue is that simple," he said.

With the triennial revaluation still under way, the town will be sending out preliminary tax bills in the last week of November. The finance department used preliminary bills during the last two revaluation years.

A household's or business's preliminary bill will be 51.25 percent of last year's net tax. The second half bill will be based on the actual tax rate, which has yet to be set.

For more information, visit foxboroughma.gov.

 


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