City government · Johnson County, IN

Franklin's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Franklin took in $22.2 million and spent $22.8 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

City taxes91%Fees for services (sewer, parks and recreation)6.5%Fines and other2.0%State tax money0.4%

What stands out

46%

of Franklin's money comes from a personal income tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes91%

Individual income tax
46%$10.2 million
Property tax
40%$9.0 million
Other taxes
4.3%$955 thousand
What's in other taxesMotor vehicle licenses and occupation and business licenses
  • Motor vehicle licenses$547 thousand
  • Occupation and business licenses$408 thousand

Amounts are by Census tax category.

Sales tax
0.3%$65 thousand

Fees for services6.5%

Fees for services
6.5%$1.4 million
What's in fees for servicesSewer; other government-run businesses and 1 more
  • Sewer$1.1 million
  • Other government-run businesses$178 thousand
  • Parks and recreation$141 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
<0.1%$8 thousand

State tax money0.4%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
0.4%$93 thousand

Fines and other2.0%

Interest, rents and other
1.9%$423 thousand
Fines
0.1%$24 thousand

Where it goes

Running the government and other costs91%Police, fire, courts and jails3.1%Parks, recreation and libraries2.6%Roads, transit and parking2.4%Water, sewer, trash and utilities0.9%All other spending0.4%

What stands out

91%

of Franklin's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
91%$20.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$20.6 million
  • Central staff services (personnel, purchasing, technology)$34 thousand
  • Finance, tax collection and budgeting$17 thousand
Police, fire, courts and jails
3.1%$702 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$492 thousand
  • Fire protection$184 thousand
  • Courts and legal services$26 thousand
Parks, recreation and libraries
2.6%$599 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$599 thousand
Roads, transit and parking
2.4%$557 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$557 thousand
Water, sewer, trash and utilities
0.9%$196 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$196 thousand
Interest on debt
0.3%$74 thousand
Housing and community development
<0.1%$11 thousand
Sources and moreWhere these numbers come from and what they cover

City of Franklin. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Franklin itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.