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Council adopts employee educational assistance program under IRS Section 127
Summary
Council adopted Resolution 2026-45 to formally establish a City of Franklin Educational Assistance Program under IRC Section 127, allowing eligible employees to receive tax-advantaged educational benefits subject to IRS limits and city personnel policy.
On June 15 the Franklin City Council adopted Resolution 2026-45 to establish a City of Franklin Educational Assistance Program as a qualified program under Section 127 of the Internal Revenue Code. The program enables eligible employees to receive educational assistance benefits that may be excluded from federal taxable income, subject to IRS limits and the city's personnel policies.
The clerk’s journal states the program will be administered in accordance with federal law and City Personnel Policy 4.17, which sets eligibility, reimbursement limits and administrative procedures. Vice Mayor Todd Hall moved adoption of the program and council approved the resolution by roll call vote; no amendments or dissenting votes were recorded. Staff will implement the program through existing personnel administration channels and report back on utilization as needed.
The action formalizes benefits already contemplated in personnel discussions and clarifies tax treatment for both the city and participating employees.
