Franklin Residential Tax Rate Comparison (only with those with a single rate tax)

Have you read the FY 08 Budget Letter?

The Override Vote coming up May 22 will be the sixth for operating revenue that the town has had to vote on since 1990.

Clearly, our tax rate is low in comparison to our neighboring communities.

Did you know that the Commonwealth of MA is generous enough to pay for half of the Franklin School budget? Check out the details on the Chapter 70 funds in the FY 08 Budget Letter.

The Chapter 70 funds were introduced to allow a town to come up to speed with the education reform requirements. Franklin's growth has allowed for an increase in funds year over year.

We need to find a way to generate a self sustaining income stream to provide a level service budget.

We need to start planning to pay for the other half of our own educational expenses. We can not expect the Commonwealth to continue to fund us so generously.

Franklin needs to pay its own way!



Note: The figures in the chart come from the analysis done by Franklin Finance Committee member Stephen Whalen and found on the Franklin School Committee blog

Updated 4/26/07 - this was originally published with the May 22 vote counting as the fourth override for operating expenses, a re-examination of the data reveals this to be the sixth.