BY ALEX REECE
Frisco proposes lower property tax rate Frisco City Council members held two public hearings on the FY 2024-25 budget with a third planned for the property tax rate on Sept. 17. What you need to know Council members are expected to adopt the budget and tax rate during the Sept. 17 meeting. Here is a quick look at what is being considered: • A $273.42 million general fund budget • $0.425517 per $100 valuation property tax rate The details Property taxes are the No. 1 source of revenue for Frisco, Chief Financial Officer Derrick Cotten said during an Aug. 12 budget meeting. Even with the new rate, which is roughly $0.01 lower than FY 2023-24’s, the city is expecting to raise an additional $16.31 million in property taxes overall, according to an Aug. 12 presentation.
City Council approves $15M renovations Frisco City Council members approved a $15.14 million price tag with Crossland Con- struction Company for George A. Purefoy Municipal Center renovations on Aug. 6. The big picture The center, or city hall, is the home of multiple city departments and the resident meeting place for council members. The renovations will take place over 19 months and refresh existing city employee workspaces, council chambers and vacated library spaces. The details The number comes from city bond funds, according to meeting documents. Not included is a $750,000 contingency fee, bringing the total cost to $15.89 million.
FY 2024-25 general fund breakdown by department Frisco’s $273.42 million general fund budget pays for the day-to-day operations of the city and its departments.
General government: 3% Development services: 4% Police department: 27% Fire department and EMS: 23% Parks and recreation: 10% Information technologies: 8% Public works: 7% Administrative services: 7%
Engineering: 2% Human resources: 2% Financial services: 2% Budget and strategic planning department: 2% Library services: 3%
SOURCE: CITY OF FRISCO/COMMUNITY IMPACT
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