Franklin City Council Breaks Tax Cap With School Funding In Mind
Franklin's nearly 30-year old tax cap won't be in place next year. The city council overrode the mayor’s veto to break the tax cap with a 6 to 3 vote Thursday night.
After years of budget shortfalls and layoffs, Franklin’s school district has some breathing room, at least for one year. That's how long this proposed tax cap break would last.
The school district would get $708,623, and could rehire most of the 14 staff members laid off this year.
Dan LeGallo is the Franklin School District Superintendent. He said this would be the first time since 2015 that the district would get all the money the school board requested.
"I think most definitely it would add morale in a positive way knowing that we won't be short handed next year with our staff,” he said.
In 2015, the state legislature decided to phase out stabilization grants by four percent every year. That means $160,000 less each year for this property-poor district.
The City Council will host a public hearing in July, and then will vote on finalizing the tax cap break.