Fiscal Year 2026-2027 City Budget and Tax Levy
Summary
The first budget amendment of the fiscal year moves money to cover employee raises, carried-over equipment like police cruisers and a leaf vacuum, and about $1.25 million for water pipe repairs and engineering. Fund balances drop in sanitation, city facilities, stormwater, and water funds.
At a glance
- Total mentions
- 7
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 27, 2026.
Impact analysis
Fund balances drop by about $5.07 million combined, with no change to the general fund.
City employees get their cost-of-living and merit raises funded, and water pipe repairs move forward.
Residents will see slight fee increases for sanitation and stormwater services.
Mentions & discussions (7)
Board of Mayor and Aldermen - Oct 27, 2026
The first budget amendment of the fiscal year moves money to cover employee raises, carried-over equipment like police cruisers and a leaf vacuum, and about $1.25 million for water pipe repairs and engineering. Fund balances drop in sanitation, city facilities, stormwater, and water funds.
Budget & Finance Committee - Sep 10, 2026
The committee approved the first budget amendment of the fiscal year, which reallocates funds for annual employee wage increases, prior-year carryovers like police cruisers and park equipment, and major stormwater and sewer infrastructure repairs.
Board of Mayor and Aldermen - Jun 9, 2026
The city adopted its $273.4 million annual budget, maintaining the property tax rate at under 30 cents per $100 while funding public safety positions, employee merit raises, and transportation infrastructure.
Board of Mayor and Aldermen - May 26, 2026
The city introduced its proposed $273.4 million annual budget, along with the property tax levy and fee adjustments for refuse, stormwater, and building plan reviews. Public hearings are scheduled for June 9 before final votes.
Budget & Finance Committee - May 14, 2026
Franklin is advancing a $273.4 million budget that keeps property taxes flat while funding public safety positions, park expansions, and major capital investments like the Mack Hatcher widening.
Budget & Finance Committee - Mar 19, 2026
City departments presented their funding requests for the upcoming fiscal year, detailing equipment upgrades, software systems, and staffing adjustments to maintain infrastructure and services.
Board of Mayor and Aldermen - Feb 24, 2026
The board enacted a final 1% increase to the city's hotel-motel tax, raising it from 4% to 5% starting April 1.
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