BY JACOB VAUGHN
Council proposes grant overhaul to boost Rail District
Frisco increases tax exemption
Frisco officials discussed updating Rail District grant programs to help support businesses. Frisco City Council discussed consolidating two existing programs offered to Rail District busi- nesses in an effort to garner more participation during a work session July 1. The approach Ken Schmidt, director of special projects for the city, told members of the City Council that the new single grant program could be operated by the Frisco Community Development Corporation. Businesses must be in the Original Town Com- mercial District, be considered commercial uses and comply with city regulations to be eligible for the programs. That would not change if the programs were consolidated. The original town commercial district is a part of the Rail District. There would be broadened eligibility for area businesses under the new program, which would
Toyota Stadium
Frisco officials approved an ordinance to increase the local homestead exemption. Frisco City Council unanimously approved the ordinance, which will grant residents the state’s maximum homestead exemption of 20%, at a special-called meeting June 30. The details The general homestead exemption, which was just increased by City Council, applies to all homeowners on their primary resi- dence as long as they lived there Jan. 1 of the tax year. Previously, the maximum homestead exemption in Frisco was 15%. The city also offers an exemption of $80,000 for disabled homeowners or those 65 or older.
DNT TOLL
Original Town Commercial District
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prioritize architectural character and tourism enhancement near Toyota Stadium, which sits near the Original Town Commercial District. There would also be a $300,000 cap on the matching grant provided under the proposed program. Businesses could see matching grant funds for new construction under the proposed program. This is not allowed under the two existing pro- grams, Schmidt said.
Applications for 2025-2026 school year now open for K-12th
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FRISCO EDITION
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