franklin town government
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TRANSCRIPT
All you need to know and much more!
Franklin, MA
How Does Franklin Make $$$?
INCOME
Property Taxes
Excise Taxes
Fees, Fines, Etc.
State Funds
Property Taxes
Property owners pay a % of the value (assessment) of their property
FRANKLIN 2009
Tax Rate - $11.17 per $1,000
Ave single family home assessed @ $384,800
Ave Tax Bill - $4,298
Can Franklin Raise Taxes? Yes, but …
Proposition 2 ½A town cannot raise property taxes by over 2 ½% without the
resident’s permission.
OverrideA vote by residents to raise their own property taxes
Debt ExclusionA vote by residents to temporarily raise their taxes
The Debate
Excise Taxes
A tax based on the value of your vehicle paid annually to the town.
Mr. Leighton’s Sweet Ride
Fees, Licenses, Etc
Caught in Beaver Pond!
State Funds
The state allocates funds for the towns of Massachusetts including Chapter 70 money which is intended for public schools.
State money accounts for ½ of the school budget and 1/3 of the town budget.
Where does the money go?Expenditures
Administrative$8.8M
Public Safety$8.9M
Schools$51.4M
Public Works$3.7M
Human Services$.4M
Rec. & Culture$1.2M
Debt$5.8M
Benefits/ Insurance$7.2M
Administrative
General Government
Comptroller, Assessors, Collectors, Legal, Human Resources, Town Clerk, etc
$8.8M
Public Safety$8.9
Fire Department
Police Station
Animal Safety
SchoolsPublic Schools
Includes:
All Franklin Public Schools
Ben Franklin Classical Charter
Tri County
Budget Cuts last year
$51 M
Public Works Street Lights, Snow Removal, upkeep of all
public property, Road Repair
$3.7M
Human ServicesHuman Services
Council on AgingCouncil on Aging
$.4M$.4M
Recreation & Culture
Library Historical Commission Memorial Day
$1.2M
Debt
We are paying for the following capital expenses:
New schools Senior Center Town Hall Fire Department
$5.8M
Benefits & Insurance
Funds for Insurance and other benefits for town employees and retirees
$7.2M