Over the next three months, a taxpayer-funded agency will take a break from giving out grants and loans to fix up Franklin businesses and homes.
Members of the Franklin Development Corp. board decided to take a three-month hiatus, which will give them time to plan new goals for 2014. But during that time, the board also will need to ask for more tax dollars to pay for operating expenses, including legal and accounting fees, in 2014. And they will find out what the community thinks is most needed in Franklin before asking for more tax dollars to fund future projects.
The organization, which was set up in 2008 and funded with $5.6 million from the city, has decided to stop accepting new applications for projects, which in the past have included new façades for downtown businesses. Board members need to decide how the organization will pay for ongoing legal and accounting expenses, what type of projects the group should be funding and where the money will come from.