The Franklin Tn budget submitted by city administrators includes a 2.5 percent pay increase for city workers but does not ask for any tax increases. The budget will be presented to the media today at 11:00 a.m. in the City Administration conference room at city hall
Franklin's proposed budget, posted to the Internet Monday afternoon, is balanced and marks the 26th year without a property tax increase, City Administrator Eric Stuckey said."
The proposed budget for all funds is $81,619,875, which represents a slight increase of 1.8 percent compared to 2011-12," Stuckey said. "The proposed general fund budget is $55,078,612, which represents an increase of 3.1 percent."
"This modest increase in the city budget is primarily due to some personnel increases, grant expenditures including hazard mitigation, and a transfer to the Street Aid fund for additional paving," Stuckey said.
"The proposed 2012-13 budget still represents a 7 percent ... reduction compared to the budget adopted four years ago for fiscal year 2008-09," he added.
Franklin