The City of Franklin has a bond rating of AAA, the highest attainable rating, from Moody's and Standard & Poor's. City of Franklin Debt Management Policy
The City of Franklin periodically issues bonds to fund long-term capital projects. Recent bond issues have funded major projects like: a new police headquarters, the new McEwen Interchange and street improvements at South Royal Oaks, Jordan Road, and Downs Boulevard. To learn more about Capital Projects, follow this link.
As of June 30, 2013, the general obligation debt of the City was $118,987,000. Current debt levels, on a per capita basis, are below average for Tennessee cities. In FY 2013-2014, the City's debt service is approximately $11.5 million and is paid by a combination of property tax and other special revenues, including hotel/motel taxes and road impact fees.