The City of Franklin's Board of Mayor and Aldermen (BOMA) convened on May 27, 2025, to discuss pressing financial matters impacting the city's capital budget and infrastructure projects. The meeting highlighted the challenges posed by inflation and the need for sustainable funding strategies.
Alderman Burger opened the discussion by addressing the financial constraints faced by the city, emphasizing that rising costs are affecting the ability to maintain and develop infrastructure. He noted that the capital budget is under pressure, which limits the city's capacity to undertake desired projects, including road improvements. Burger stressed that the public should understand these financial challenges are not due to mismanagement but rather the broader economic climate influenced by national inflation.
The conversation then shifted to the potential for future funding adjustments. Alderman Burger suggested that if the city does not commit to a proposed three-cent tax increase now, it could revisit the decision in the future if circumstances change, particularly regarding the Mad Catcher project in the Northwest area.
The discussion also included a significant focus on the new City Hall building. Alderman Burger expressed the importance of making a sound investment in this long-term structure, which he hopes will stand for generations. He acknowledged the hefty price tag associated with the project but underscored its significance as the seat of local government.
Furthermore, the meeting addressed the need for greater recognition from the state government regarding Franklin's contributions to economic development. Alderman Burger highlighted Franklin's role as a leader in attracting national and international businesses, citing the arrival of Nissan as a pivotal moment in the city's growth. He urged state officials to acknowledge the city's contributions, particularly in education and infrastructure, as Franklin continues to drive economic success for the region.
In conclusion, the BOMA work session underscored the financial challenges facing the City of Franklin, the importance of strategic funding decisions, and the need for state support to sustain the city's growth and infrastructure development. The board plans to continue discussions on these critical issues in future meetings.