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any good tools similar to acrobat that let us modify and create pdfs for free?
You can use a PDF printer like Bullzip to bounce PDFs from a text editor. This won't exactly help you with the modifying of existing PDFs bit, but you can at least create PDF documents without Acrobat.
only the foxit reader is free, looks like the creator is $30 per license x 50 clients = chunk of change my boss won't approve
I used to use Foxit, but even it has become way too bloated over the years. Believe it or not, Adobe Reader isn't nearly as bad as it used to be (aside from the annoying updater, but that's only when there's an update, which is fairly rare). Since going back to adobe reader, I've had a lot less PDF-related issues.
Ideally all browsers would have a built-in PDF viewer.