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Franklin amends FY2025–26 budget to redistribute wages, correct tax-rate impacts and record Creekside purchase
Summary
The Franklin Board of Mayor and Aldermen held a public hearing and approved Ordinance 2025-28, the first budget amendment for FY2025–26, reallocating wage increases, adjusting capital transfers after the adopted property tax rate and recognizing the purchase of a house at Creekside.
The Franklin Board of Mayor and Aldermen on Aug. 26 held a public hearing and unanimously approved Ordinance 2025-28, the city’s first budget amendment for fiscal year 2025–26, which reallocates employee wage increases, adjusts capital transfers to reflect the adopted property tax rate, and acknowledges the purchase of a home at Creekside.
Chief Budget and Performance Officer Michael Walters Young told the board the amendment is four parts: redistribution of annual wage increases; carryovers and minor expense additions; corrections tied to the property tax rate adopted at third reading; and acknowledgment of capital purchases, including the Creekside house.
Why it matters: the amendment changes how the city will account for already-authorized pay…
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