Town government · Norfolk County, MA

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

In the latest recorded fiscal year (ended June 30, 2024), Franklin took in $186 million and spent $201 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes60%State tax money21%Fees for services (water, sewer)15%Federal tax money2.3%Fines and other1.9%

What stands out

56%

of Franklin's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Town taxes60%

Property tax
56%$105 million
Other taxes
3.2%$5.9 million
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$4.3 million
  • Other licenses$1.6 million

Amounts are by Census tax category.

Fees for services15%

Fees for services
15%$27.6 million
What's in fees for servicesWater; sewer and 7 more
  • Water$8.3 million
  • Sewer$7.1 million
  • Other service charges$5.8 million
  • Garbage collection$3.2 million
  • School tuition and transportation$1.9 million
  • Parks and recreation$512 thousand
  • Other school charges$468 thousand
  • School lunches$223 thousand
  • Parking$14 thousand

Amounts are by Census type of charge.

Federal tax money2.3%

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

From the federal government
2.3%$4.3 million

State tax money21%

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

From the state
21%$39.9 million

Fines and other1.9%

Interest, rents and other
1.7%$3.1 million
Fines
0.2%$406 thousand

Where it goes

Schools and colleges54%Running the government and other costs19%Water, sewer, trash and utilities10%Police, fire, courts and jails7.8%Sent to other local governments4.0%All other spending4.5%

What stands out

54%

of Franklin's spending goes to schools and colleges.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
54%$109 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$109 million
Running the government and other costs
19%$38.1 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$26.0 million
  • Government buildings$9.0 million
  • Finance, tax collection and budgeting$1.9 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
Water, sewer, trash and utilities
10%$20.7 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$9.2 million
  • Water supply$8.7 million
  • Garbage and solid waste$2.9 million
Police, fire, courts and jails
7.8%$15.8 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$7.8 million
  • Police$6.9 million
  • Inspections and regulation$853 thousand
  • Courts and legal services$183 thousand
Sent to other local governments
4.0%$8.1 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$7.8 million
  • Sent to the state government$291 thousand
Roads, transit and parking
1.7%$3.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.4 million
Interest on debt
1.6%$3.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.5 million
  • Interest on water supply debt$617 thousand
Parks, recreation and libraries
1.0%$2.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.0 million
  • Parks and recreation$980 thousand
Health and hospitals
0.1%$296 thousand
What's in health and hospitalsPublic health
  • Public health$296 thousand
Social services
0.1%$239 thousand
What's in social servicesOther public welfare
  • Other public welfare$239 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Franklin. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town 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.