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Franklin Regional board adopts proposed final 2025–26 budget; property tax rate to rise 3.58%
Summary
The board adopted a proposed final general fund budget for 2025–26 with $71.25 million in expenditures, a 3.58% property tax‑rate increase and a planned draw on fund balance to cover a $671,000 shortfall.
The Franklin Regional School Board on Monday approved a proposed final general fund budget for 2025–26 that includes $71,249,966 in expenditures and projects $70,578,234 in revenues, producing a $671,732 shortfall the district will cover with reserves.
Finance director John Perry told the board the package includes a 3.58% increase in the property tax rate and a recommendation to use $147,000 of committed fund…
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