Franklin Launches Projects for Three
Major Development Areas
FRANKLIN, Wisconsin (November 7, 2014) – The Franklin Common Council approved multiple contracts at their Tuesday, 11/4/2014, meeting aimed to spur economic growth in three major development areas. The areas, comprised of nearly 1,200 acres, will receive detailed study and have the potential to generate an estimated $328M in new and rejuvenated development.
To complement its very successful business park along Hwy 100, the City plans a Business Park near 27th and County Line Road over-looking I94. Additionally, new and re-developed retail and commercial growth in the area centered at Rawson Avenue and 76th Street is envisioned to include more shops and restaurants. Rounding out the new development opportunities will be the first “traditional neighborhood” at Loomis Road and Ryan Road, which will feature a mix of residential, light industrial, and recreational development. “We’re excited to offer residents something unique and highly desirable where home, work, play, and shopping can be within reasonable reach. This will enhance Franklin’s identity and attract young professionals for a vibrant community,” said Franklin Mayor Steve Olson. Click here for complete press release.
Council Approves Mayor's 2015 Recommended Budget
Total Municipal Property Tax Remains Frozen
At their meeting of November 18, 2014, the Franklin Common Council unanimously approved the Mayor's 2015 Recommended Budget. The highlight of the budget is that the total municipal property tax remains frozen at the 2014 level. In summary, the 2015 Adopted Budget, including all funds, requires a total property tax levy of $20,509,000, the same as last year. This results in a City tax rate of approximately $6.2805 per thousand assessed value.
Residents should expect to receive their 2014 tax bills sometime around the second week in December. City Budget