# Finance Committee Meeting 8-12-2026 - 6 PM

The City of Franklin, Wisconsin Finance Committee met on August 12, 2026, to review first-quarter finances and planned borrowing. The committee discussed delays and a decline in ambulance-billing revenue following problems with the former billing company; the new vendor, Digitech, collected about $565,000 from January through June 2026. Staff also described vacant-position savings, timing-related revenue variances, and risks involving TID shortfalls and future reductions in landfill-siting revenue. A motion to forward the first-quarter financial statements to the Common Council for acceptance was approved.

The committee reviewed the city’s authorized borrowing of up to $10 million for capital needs, including South 51st Street improvements (now estimated above $4 million), fire apparatus, and DPW equipment. Members discussed borrowing terms, tax impacts, project useful lives, and the city’s financial flexibility. A motion passed recommending that the 2027 initial budget assume a 20-year amortization for the $10 million borrowing; the discussion anticipated a debt offering later in 2026, after the mayor’s recommended budget and its impacts are better understood. No vendor award or purchase approval was made.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure, Public Safety
**Topics:** Physical Infrastructure
**Published:** August 12, 2026

### Sources
- [Finance Committee Meeting 8-12-2026 - 6 PM](https://www.youtube.com/watch?v=DcgmJGq97Sg) - City of Franklin WI