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Tourism Commission reviews reserve projections and operating budget assumptions
Summary
Finance staff and commissioners reviewed tourism fund projections, reserves and line-item assumptions for 2024–2025; commissioners noted a projected 2025 deficit under current commitments and discussed the $35,000 grant line and $15,000 vs. $50,000 streetscape item.
The Franklin Tourism Commission reviewed revenue projections, reserve balances and the draft 2025 budget during its Feb. 19 meeting.
Finance staff presented projections showing the commission's share of tourism revenue (the presentation cited a working figure of about $357,420 for the year used to calculate the commission's 30% share). The report noted historical year-end net figures (the transcript recorded a year-end net of $78,259 for 2023 and a projected figure near $87,000 for 2024) and audited reserve balances carried…
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