City of Franklin, TN
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The City of Franklin has a bond rating of AAA, the highest attainable rating, from Moody's and Standard & Poor's.
The City of Franklin periodically issues bonds to fund long-term capital projects.
As of June 30, 2024, the general obligation debt of the City was $99,465,000 (unaudited). Current debt levels, on a per capita basis, are below average for Tennessee cities. In FY 2025, the City's debt service is approximately $15.1 million and is paid by a combination of property tax and special revenues, including hotel/motel taxes and road impact fees.
Click on the following links to see the City's Debt Management Policy or Federal Tax Compliance Policies and Procedures.
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