The City of Franklin, Tennessee, has unveiled its proposed budget for fiscal year 2026-2027, amounting to $273.4 million, representing a 2.7% increase from the previous fiscal year. This budget emphasizes infrastructure development, particularly through the Invest Franklin 2.0 initiative, which facilitates partnerships with the State of Tennessee for significant projects like the widening of Mack Hatcher Parkway. The General Fund budget is set at $134.2 million, reflecting a 1.8% increase. Notably, the property tax rate remains unchanged at $0.296 per $100 of assessed valuation, positioning Franklin among the cities with the lowest tax rates in Tennessee. The budget also allocates funds for eight new positions, including three police officers, while providing a 2.5% general pay increase for city employees. Additionally, adjustments in sanitation and stormwater fees aim to ensure the self-sufficiency of these services, with the former increasing by $1 per month and the latter by $20.70 annually. Overall, the proposed budget seeks to balance fiscal responsibility with community service and infrastructure enhancement.