Frisco Adopts $76 Million Budget; New Tax Rate
The City of Frisco’s tax rate will be $0.465 per $100 of property value for the next fiscal year. This tax rate will generate the same amount of revenue as last year on existing property. The average home value decreased this year by 2.6%. That means homeowners whose property value dropped may not see an increase in their property tax bill while others may see a slight increase.
During a ‘special called meeting’ September 17, the Frisco City Council voted to adopt a $76 million General Fund budget for FY10. The new budget allows the City of Frisco to fill 17 jobs, including public safety, parks and streets positions previously ‘frozen’. Restoring these positions also requires Frisco to ‘dip into its savings’ and use approximately $880,000 of its reserve fund balance... read more.
Watch the 'special called budget meeting'.