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Franklin aldermen set 2025-26 property tax levy after amendment fails
Summary
The Board of Mayor and Aldermen voted to send a 32¢ per $100 property tax levy to public hearing after a last-minute amendment to lower the rate to 28.6¢ failed on a tied vote.
The Board of Mayor and Aldermen of Franklin on May 27 voted to send a proposed municipal property tax levy of 32¢ per $100 of assessed value to a public hearing in June after an amendment to lower the levy to 28.6¢ failed on a 3-3 vote.
The amendment, offered by Alderman Baggett, would have changed the ordinance text to set the rate at 28.6¢ and equalized the operational portion at 2.1¢ instead of 2.5¢. Baggett said the lower rate would allow the board to present a specific list of…
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