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Council leans toward higher business electric rates, keeps residential rates unchanged as school funding gaps loom
Summary
During a budget work session Mayor and council signaled support for modest increases to business electric charges while leaving residential rates intact pending further analysis; city staff warned state education funding changes could raise the city's required local school match by several hundred thousand dollars.
At a budget work session Monday evening, Franklin City Council heard staff propose modest increases to basic and industrial electric customer charges while agreeing, by consensus, to leave residential electric rates unchanged for now.
City Manager Miss Oglesby presented a comparison of municipal electric rates and recommended creating a new ‘large industrial’ rate class and modest increases to the basic customer charge for business accounts (examples given were small general service basic charge from $12.61 to $13.24). She said Dominion’s proposed 5% increase on kilowatt charges for utility providers supports applying a 5% kilowatt increase to…
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