PROPOSITION D Parks, trails and open space
MAP KEY
Bonds under Proposition D would fund projects from the city’s ve-year capital improvement plan. $43M
380
City of Frisco Proposition A projects Public safety Fire department Police department Proposition B projects Funded Partially funded Proposition C projects Proposition D projects Proposition E projects
Y
D1
VIRGINIA PKWY.
Trails funded by the bond
A
Frisco on the Green park
4th Street Plaza
Bu alo Ridge Park Proposed Site
HILLCREST RD.
D1
D2
D3
H ER CREEK PKWY.
WESTRIDGE BLVD.
PROPOSITION E Downtown parking garage
ADOPKWY.
City sta proposed funding for a four-level parking garage providing 390 spaces. $20M
MEADOW HILL DR.
C2
E
KINGST.
MAINST.
PROJECTING TAXES
D3
A2
C1
Frisco’s Financial Services Department projected property tax rates if the bond propositions pass. Property tax rate*
DNT TOLL
ROLATER RD.
A3
Projected property tax rate*
JOHN HICKMAN PKWY.
COLLEGE PKWY.
O NEBROOK PKWY.
FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26
A1
SRT TOLL
Property tax rate 2018-23 $0.4466
LEWISVILLE LAKE
B A
WARREN PKWY.
E D2
GAYLORD PKWY.
423
PARKWOOD BLVD.
FRISCO SQUARE BLVD.
MAP NOT TO SCALE N
$0 $0.40 $0.42 $0.44 $0.46 $0.48 $0.50
*ASSESSED PER $100 VALUATION
SOURCE: CITY OF FRISCOCOMMUNITY IMPACT
*THIS IS A NONCOMPREHENSIVE MAP
so many vehicles per day on the road- way,” Knippel said. “That’s usually an indication that we need to add capac- ity to the roadway.” The tax rate If the propositions are approved by voters, the city is then authorized to begin selling bonds to pay for them. “The city decides once a year with the city management, city council and the department heads that are over projects,” Cothran said. “We decide,
‘OK, we’re going to do Fire Station [No.] 11 this year, so we need to sell that bond money.’” Cities pay back debts on bond sales by collecting property taxes. When Frisco residents pay property taxes, which are set at $0.4466 per $100 val- uation, the money is split into small portions allocated for di erent city spending costs. “A portion of that tax rate goes to gen- eral operations, like paying people’s salaries, buying vehicles, maintaining
buildings,” Cothran said. “The other portion, $0.15 of our $0.4466, goes to our debt service.” The operations rate is typically $0.30. The property tax rate has been set at $0.4466 for over ve years and is not expected to change, Cothran said. The consistent population growth in Frisco helps keep the tax rate steady, Cothran said. More people moving into the area and paying city taxes helps chip away at the debt without needing to raise property taxes.
The city’s nancial services depart- ment projects 7% increases in taxable value each year until 2029. “As we pay o debt that we sold over the last 20 years, we have less debt to pay for,” Cothran said. “But we sell new debt for new projects, and it kind of lls it in so that we still pay about the same amount every year.”
For more information, visit communityimpact.com .
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FRISCO EDITION • MARCH 2023
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