City government · Milwaukee County, WI

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

In the latest recorded fiscal year (ended December 31, 2023), Franklin took in $61.7 million and spent $60.3 million.

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

See every government that serves your ZIP

Where it comes from

City taxes48%Fees for services (water, garbage collection)28%Fines and other12%State tax money7.0%County and local tax money2.6%Federal tax money2.1%

What stands out

41%

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

City taxes48%

Property tax
41%$25.6 million
Other taxes
6.5%$4.0 million
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$2.9 million
  • Other selective sales taxes$481 thousand
  • Other taxes not classified elsewhere$364 thousand
  • Occupation and business licenses$259 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$17.2 million
What's in fees for servicesWater; garbage collection and 6 more
  • Water$5.6 million
  • Garbage collection$4.7 million
  • Sewer$4.5 million
  • Other service charges$1.8 million
  • Housing$467 thousand
  • Parks and recreation$76 thousand
  • Road charges$61 thousand
  • Parks, land and natural resources$4 thousand

Amounts are by Census type of charge.

Federal tax money2.1%

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

From the federal government
2.1%$1.3 million

State tax money7.0%

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

From the state
7.0%$4.3 million

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments
2.6%$1.6 million

Fines and other12%

Interest, rents and other
12%$7.2 million
Fines
0.6%$362 thousand

Where it goes

Police, fire, courts and jails31%Water, sewer, trash and utilities27%Running the government and other costs15%Roads, transit and parking14%Health and hospitals4.8%All other spending8.0%

What stands out

4.8%

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

Spending by category100%

Police, fire, courts and jails
31%$18.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$11.2 million
  • Fire protection$5.9 million
  • Inspections and regulation$823 thousand
  • Courts and legal services$547 thousand
Water, sewer, trash and utilities
27%$16.6 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$7.0 million
  • Sewer systems$7.0 million
  • Garbage and solid waste$2.7 million
Running the government and other costs
15%$8.9 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$6.2 million
  • Central staff services (personnel, purchasing, technology)$1.4 million
  • Finance, tax collection and budgeting$834 thousand
  • Government buildings$471 thousand
Roads, transit and parking
14%$8.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8.7 million
Health and hospitals
4.8%$2.9 million
What's in health and hospitalsPublic health
  • Public health$2.9 million
Parks, recreation and libraries
4.6%$2.8 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.6 million
  • Parks and recreation$1.2 million
Interest on debt
3.3%$2.0 million
Housing and community development
<0.1%$43 thousand
Environment and natural resources
<0.1%$3 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3 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.