District tackles revenue decline; team develops ideas worth $1 million

Replacing lightbulbs with ones that use less energy, leasing land for cell towers and selling advertising space could help Franklin schools save or make enough money to keep paying employees and make its debt payments.

The school district has spent the past year looking for ways to save or generate $1 million from a fund that pays for employees’ salaries and insurance benefits. The school district has had less money to pay those expenses over the past six years because fewer students are attending Franklin schools, and because property tax caps are limiting the amount of money the school district collects to pay its bills.

Last year, Cummins executive Andy Lamm started helping the school district find ways to save money or bring in new revenue, and recently Lamm and a group of teachers, administrators and residents created a list of 12 ideas.

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