Final product includes 2 cent tax increase for 2014-15.
With a new fiscal year set to begin on July 1, the Franklin Board of Aldermen was tasked with adopting a 2014-2015 budget before the end of June. The process has gone smoothly, as the board unanimously adopted a budget at last Monday night's town meeting.
Though the budget overall was fairly straightforward, there was one difference that the board knew may raise some eyebrows — a 2 cent tax increase.
In the budget message that was presented by then town manager Warren Cabe, he said that a one cent tax increase would not only sustain a healthy fiscal future for the town but would provide funding to accomplish various projects that would be required in the future.