Franklin updates 10-year capital investment model, shows $134.3M new capacity; board asked to re-check priorities

City of Franklin officials reviewed an updated 10-year financial model for the capital investment program at the Jan. 14 work session, showing roughly $525 million in forecasted revenue and a net $134.3 million of additional capacity for future projects.

The presentation matters because it recalculates how much the city can spend in cash and borrow for roads, parks, facilities and other large projects, potentially changing which projects are funded in the near term.

Michael Walters Young, the city’s chief budget and performance officer, told the Board of Mayor and Aldermen the model covers fiscal 2025–2034 and reflects updated revenue forecasts, revised debt scenarios and the projects approved in Resolution 2024-46. Walters Young said the update incorporates higher expected receipts from the city’s half-percent local option sales tax and revised road impact fee expectations. “We would forecast roughly $112,000,000 in cash over the next 10-year period,” he said, adding the model is…