All you need to know and much more!

Franklin, MA

How Does Franklin Make $$$?

INCOME

Property Taxes

Excise Taxes

Fees, Fines, Etc.

State Funds

Property Taxes

Property owners pay a % of the value (assessment) of their property

FRANKLIN 2009

Tax Rate - $11.17 per $1,000

Ave single family home assessed @ $384,800

Ave Tax Bill - $4,298

Can Franklin Raise Taxes? Yes, but …

Proposition 2 ½A town cannot raise property taxes by over 2 ½% without the

resident’s permission.

OverrideA vote by residents to raise their own property taxes

Debt ExclusionA vote by residents to temporarily raise their taxes

The Debate

Excise Taxes

A tax based on the value of your vehicle paid annually to the town.

Mr. Leighton’s Sweet Ride

Fees, Licenses, Etc

Caught in Beaver Pond!

State Funds

The state allocates funds for the towns of Massachusetts including Chapter 70 money which is intended for public schools.

State money accounts for ½ of the school budget and 1/3 of the town budget.

Where does the money go?Expenditures

Administrative$8.8M

Public Safety$8.9M

Schools$51.4M

Public Works$3.7M

Human Services$.4M

Rec. & Culture$1.2M

Debt$5.8M

Benefits/ Insurance$7.2M

Administrative

General Government

Comptroller, Assessors, Collectors, Legal, Human Resources, Town Clerk, etc

$8.8M

Public Safety$8.9

Fire Department

Police Station

Animal Safety

SchoolsPublic Schools

Includes:

All Franklin Public Schools

Ben Franklin Classical Charter

Tri County

Budget Cuts last year

$51 M

Public Works Street Lights, Snow Removal, upkeep of all

public property, Road Repair

$3.7M

Human ServicesHuman Services

Council on AgingCouncil on Aging

$.4M$.4M

Recreation & Culture

Library Historical Commission Memorial Day

$1.2M

Debt

We are paying for the following capital expenses:

New schools Senior Center Town Hall Fire Department

$5.8M

Benefits & Insurance

Funds for Insurance and other benefits for town employees and retirees

$7.2M