The rating on Franklin, Mass's bonds reflects: Stable residential base along Route 495 and accessibility to Boston by rail, Above-average income levels, Good financial performance, and Manageable debt. Franklin's limited local economic base is a mitigating factor. Franklin, 27 square miles, is centrally located between Boston, Providence, and Worcester. The town's location along Route 495 and near I-95 with commuter rail access along State Route 140 has helped it to maintain a solid residential base. The town's population has increased 14% to 29,500 since 1994. Income levels are well above national averages at 119% per capita with 155% median household effective buying income. Local per capita retail sales have also increased to well above national levels. Franklin's employment base is
