How Does Franklin Make $$$?
Fees, Fines, Etc.
Property owners pay a % of the value
(assessment) of their property
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 ½
A town cannot raise property taxes by over 2 ½% without the
A vote by residents to raise their own property taxes
A vote by residents to temporarily raise their 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!
The state allocates funds for the towns of Massachusetts
including Chapter 70 money which is intended for
State money accounts for ½ of the school budget and 1/3
of the town budget.
Where does the money go?
Rec. & Culture
Town Clerk, etc
All Franklin Public Schools
Ben Franklin Classical
Budget Cuts last year
Street Lights, Snow Removal, upkeep of all
public property, Road Repair
Council on Aging
Recreation & Culture
We are paying for the following capital
Benefits & Insurance
Funds for Insurance and other benefits for
town employees and retirees