Mayor's 2017 Recommended Annual Budget
The Mayor's 2017 Recommended Annual Budget was presented to the Common Council at their September 20, 2016 meeting where it was forwarded to the Committee of the Whole Meeting of October 3, 2016 for further review and discussion. A Public Hearing and final action on the 2017 Budget is scheduled for the Tuesday, November 15, 2016, Common Council Meeting. Click here to review the Mayor's 2017 Recommended Budget as well as the budget presentation of 9/20/2016. The Mayor's 2017 Recommended Budget document is also available for viewing at the Franklin Public Library and the Office of the City Clerk.
Ballpark Commons Development Proposal
Ballpark Commons is a proposed mixed-use development at and in the vicinity of the Rock Sports Complex located at 7900 Crystal Ridge Drive in the City of Franklin, Wisconsin. The project encompasses over 200 acres (including the existing Rock Sports Complex) and is expected to have a development value over $100 million. A public hearing regarding the proposed amendment to the City's CMP and consideration of the proposed amendment to PDD 37 and to the City's CMP occured as part of the April 4, 2016 Common Council Meeting. Click here for more detailed information, status updates, and actions related to this development proposal.
2016 City Revaluation Project
The City of Franklin has contracted with Tyler Technologies in order to complete a City-wide revaluation for 2016. Tyler is the nation’s oldest and largest mass appraisal firm and has worked for the City of Franklin since the early 1990’s. They also serve as the City Assessor.
The last City-wide revaluation occurred in 2013. At that time, properties that sold in 2011 and 2012 were used to establish the assessed values. Property owners that have not made changes to their property via a building permit or had a change due to an assessment appeal continue to have an assessment based off of the 2011 and 2012 sales. Since 2013, there have been many changes that have occurred in the marketplace. As a result of those changes, the average property in the City in 2015 was assessed at approximately 93% of the market value. The goal of the 2016 revaluation is to bring properties in line with current market conditions. Specifically, that means to assess properties at or near 100% of market value using properties that sold during 2014 and 2015 as a basis.
Please note that an increase in assessment does not necessarily mean an increase in taxes in the year of a revaluation. Property owners that are impacted by the revaluation are properties that increase in value at a greater percentage than the average property and properties that do not increase at the same rate as the average property. (Click here to read the rest of the article.)