The rating on Franklin, Mass.' BANs reflects: Demonstrated market access through recent competitive sales; An expanding tax base that benefits from its location along the high-technology Interstate 495 corridor and accessibility by commuter rail to Boston; Above-average income levels, as indicated by median household effective buying income that is 160% of the nation's; (my suggestion) A manageable debt position; and Good financial performance, with more than 20% of 2000 operating expenses undesignated or set aside in a stabilization fund. The BANs are expected to be retired with the proceeds of long-term debt at maturity. Franklin is located about 28 miles southwest of Boston. Equidistant from Boston, Worcester, and Providence, the town continues to experience strong growth, especially to its residential
