City Council discusses $47M utility projects and maintains low sewer rates

During the Franklin City Council meeting on March 17, 2025, officials discussed significant financial plans that could impact local residents, particularly regarding upcoming sewer projects and bond sales. The council is preparing to issue bonds for essential infrastructure improvements, with an estimated cost of up to $47 million for projects including a sewage treatment plant renovation and the construction of a new billing office.

City officials indicated that the bond rates are currently favorable, with calculations based on a 5% interest rate, although they have built in flexibility to accommodate potential changes before the bonds are sold in September. This flexibility is crucial as it allows the council to adjust plans without restarting the entire process if unexpected issues arise.

A key point raised during the meeting was the assurance that there would be no need for additional rate increases for residents to fund these projects. The council emphasized that they are committed to maintaining one of the lowest sewer rates in Johnson County, even after a recent increase in November. Comparisons with neighboring towns revealed that Franklin's rates remain competitive, which is a positive note for residents concerned about rising utility costs.

The council also discussed the possibility of utilizing Tax Increment Financing (TIF) revenues to support the projects if necessary, providing further financial options to ensure the completion of the planned improvements.

As the council moves forward, they will hold a public hearing at the next meeting to allow residents to voice their opinions and ask questions about the proposed projects and funding strategies. This engagement reflects the council's commitment to transparency and community involvement in local governance.