City government · Williamson County, TN

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

In the latest recorded fiscal year (ended June 30, 2024), Franklin took in $225 million and spent $221 million.

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

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Where it comes from

County and local tax money28%Fees for services (water, garbage collection)27%City taxes26%State tax money9.6%Fines and other5.1%Federal tax money4.9%

What stands out

28%

of Franklin's money comes from county and other local tax money.A typical U.S. city of 50,000+ people gets 0.9%.

City taxes26%

Other taxes
15%$33.4 million
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$15.7 million
  • Other selective sales taxes$9.3 million
  • Alcoholic beverage taxes$5.5 million
  • Occupation and business licenses$3.0 million

Amounts are by Census tax category.

Property tax
11%$24.2 million

Fees for services27%

Fees for services
27%$61.2 million
What's in fees for servicesWater and garbage collection
  • Water$47.2 million
  • Garbage collection$14.0 million

Amounts are by Census type of charge.

Federal tax money4.9%

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

From the federal government
4.9%$11.1 million

State tax money9.6%

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

From the state
9.6%$21.6 million

County and local tax money28%

Money passed on by the county or other local governments.

From the county and other local governments
28%$62.4 million

Fines and other5.1%

Interest, rents and other
4.7%$10.7 million
Fines
0.3%$752 thousand

Where it goes

Police, fire, courts and jails25%Water, sewer, trash and utilities24%Roads, transit and parking22%Running the government and other costs22%Parks, recreation and libraries3.3%All other spending4.0%

What stands out

22%

of Franklin's spending goes to roads, transit and parking.A typical U.S. city of 50,000+ people spends 10%.

Spending by category100%

Police, fire, courts and jails
25%$55.6 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$28.5 million
  • Police$25.4 million
  • Courts and legal services$1.7 million
Water, sewer, trash and utilities
24%$52.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$24.4 million
  • Water supply$14.1 million
  • Garbage and solid waste$13.7 million
Roads, transit and parking
22%$49.0 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$44.7 million
  • Public transit$4.3 million
Running the government and other costs
22%$48.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$20.3 million
  • Central staff services (personnel, purchasing, technology)$14.6 million
  • Finance, tax collection and budgeting$10.8 million
  • Government buildings$2.5 million
Parks, recreation and libraries
3.3%$7.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$7.4 million
Interest on debt
2.1%$4.7 million
Environment and natural resources
1.4%$3.2 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3.2 million
Housing and community development
0.4%$854 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 June 30, 2024.

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.