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First Reading Of Franklin Budget Passes; No Tax Hike Is Expected

November 5, 2013

Franklin City Council on Monday unanimously passed a preliminary draft of a 2014 city budget that would contain no real estate tax hike.

The general fund budget is initially set at $5.01 million, with the sewer fund budget at nearly $2.5 million.  Council will need to deal with an anticipated $692,000 in additional expenditures.

Council Monday also renewed the city’s per capita and personal income tax rates.

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