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Franklin staff roll out annexation cost-analysis tool to quantify long-term costs of growth
Summary
City staff presented an "Annexation Cost Analysis Calculator" (ACAC) to the Board of Mayor and Aldermen to estimate one-time and recurring fiscal impacts of proposed annexations and large developments; aldermen praised the tool but asked for integration with school impact data and broader public review.
City of Franklin staff presented a new Annexation Cost Analysis Calculator, or ACAC, on Oct. 20 to give elected officials standardized cost and revenue estimates for proposed annexations and major developments.
The tool, led by Michael Walters Young, the city’s chief budget performance officer, produces a project summary, recurring and one-time cost estimates, and implementation assumptions. "The detailed spreadsheet is designed to assist you and us determine how much growth will cost," Walters Young told the Board of Mayor and Aldermen, adding that the tool produces conservative tax estimates and quantifies recurring maintenance and personnel costs.
Why it matters: aldermen said the ACAC could reduce surprises that follow development approvals by summarizing recurring costs (roads, public safety,…
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