DALLAS (WBAP/KLIF News) – For the next fiscal year the tax rate in Frisco will remain at .4466. On Tuesday night, Frisco City Council members adopted a flat tax rate of .4466 – one of the lowest rates in North Texas. Frisco Council members also approved a $507 million total budget which takes effect October 1, 2018.
According to a press release, the new budget includes a $173 million General Fund. Nearly 70-percent of the General Fund pays for employee salaries and benefits. The FY19 budget supports 46 new positions including 26 police and firefighters. The budget also funds 20 part-time firefighters to work special events.
The new budget commits dollars to downtown redevelopment, which includes designing a pedestrian friendly plaza at 4th & Main Streets. The FY19 budget dedicates capital investments to support the city’s partnership with the University of North Texas, which will build a Frisco campus in the next few years. Developing plans to expand city facilities and master planning parks and trails are provided for in the FY19 General Fund. City leaders and staff will work to create an ‘identity’ along Frisco’s northern border, U.S. 380. The budget also supports implementing a strategic plan for the Frisco Economic Development Corporation.
The budget also accounts for a 2-percent water rate increase, which the city is ‘passing through’ following an increase from the North Texas Municipal Water District. The residential trash collection monthly fee will also increase $1 dollar. Both increases take effect in January 2019.
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