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Franklin City manager presents structurally balanced FY2026 budget, flags $5.88 million shortfall and proposed tax changes
Summary
The city manager told a town-hall audience the FY2026 proposal closes a roughly $5.88 million shortfall, uses one-time revenues for one-time expenses, allocates $368,500 for capital outlay and proposes realigning fees and a change to the real-estate tax; council members and residents pressed questions about the scale of the increase and program impacts.
The Franklin City manager presented the proposed FY2026 operating and capital budgets at a council-hosted town hall, saying the proposal is “structurally balanced” after work to close a projected shortfall of about $5.88 million.
The manager said the budget team used one‑time revenues for one‑time expenditures and recurring revenues for recurring costs, and that the general‑fund proposal represents a substantial year‑over‑year increase driven in part by pass‑through grants and service demands. She told the chamber the FY26 general fund was presented as roughly $35.4 million and that $368,500 is proposed for capital outlay.
“As the guidance statements proclaim, the city of Franklin ensures its residents and visitors health, safety, and welfare by offering efficient, affordable quality service,” the manager said in opening remarks. She described the overarching budget theme as “recalibrate,” asking…
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