Finance Committee approves $935,000 bond anticipation note for new fire truck.
Franklin Finance Committee issues $935,000 borrowing note for fire truck purchase. The move came after Fire Chief Charles Allen reported that a 2013 Pierce engine with advanced frame corrosion must be removed from service immediately; a demo model priced at $935,000 beats new-truck costs of $1.1
Finance Committee · Meeting of February 25, 2026
Franklin Finance Committee issues $935,000 borrowing note for fire truck purchase. The move came after Fire Chief Charles Allen reported that a 2013 Pierce engine with advanced frame corrosion must be removed from service immediately; a demo model priced at $935,000 beats new-truck costs of $1.1 million plus expected increases and potential hundred-thousand-dollar emission-standard costs. CFO Kerri Bertone recommended a one-year borrowing anticipation note at 3.5 percent interest with estimated FY27 costs of $32,725, preserving stabilization fund reserves for reassessment in one year.
The committee voted 6-0 to approve. Committee Member Bill Batchelor's resignation, effective that morning, reduced membership from nine to eight.
In the full story:
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Source: the Finance Committee meeting of February 25, 2026, compiled from the official minutes.
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