BY ADAM DOE & CONNOR PITTMAN
Looking ahead
Why it matters
Going forward, Flower Mound officials are monitoring ways that it can increase revenues from property taxes, potentially through a voter- approval tax rate election, which would allow the town to collect more than the 3.5% annual increase. “We’ve been very creative and innovative in how we’ve kind of kept the ship going,” Flower Mound Town Manager James Childers said. Highland Village officials plan to make the city’s finances more sustainable. The city purchased a pothole patch truck in October in an effort to reduce road repair costs. “We’ll have to look at more things like that in the future and to try to see where we can save money and do a better job,” Stevens said.
Initially, one-time cash injections, such as the federal funds from the American Rescue Plan Act received in 2021, mitigated the initial impact of the property tax revenue cap and inflation for munici- palities, said John Zagurski, Flower Mound’s chief financ ial offi cer. Stevens said inflation and rising costs have impacted Highland Village’s budget, noting
that increased costs for computer software and gasoline have outpaced the amount of property tax revenue the city can collect. “With the state Legislature putting a cap on the tax rate 3.5% and then you look at the consumer price index, which is sometimes generally in that range, most of the increases we got were not at the CPI level or lower,” Stevens said.
Highland Village property, sales tax revenue, FY 2018-26
Flower Mound property, sales tax revenue, FY 2018-26
Sales tax revenue
Property tax revenue
Sales tax revenue
Property tax revenue
* budgeted
* budgeted
$15M
$60M
$10M
$40M
$5M
$20M
$0
$0
SOURCE: CITY OF HIGHLAND VILLAGE/COMMUNITY IMPACT
SOURCE: TOWN OF FLOWER MOUND/COMMUNITY IMPACT
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Town of Argyle May 2 Special Election: TWO PROPOSITIONS ON THE BALLOT Vote FOR or AGAINST
EARLY VOTING STARTS APRIL 20 AT ARGYLE TOWN HALL Ad paid for by: Town of Argyle No Appointments to Council, election required for all vacancies Fewer seats up for election each year (2 member seats vs. 3) Councilmembers gain more experience and have additional time for training Proposition A: Reauthorize existing street maintenance sales tax. No tax increase — remains ½ cent (5¢ on $10) Funds road repairs, safety, and maintenance Visitors help pay when they shop and dine If it doesn’t pass: Street costs move to the General Fund, relying more on local property taxes. Proposition B: Change Mayor & Town Council Term Lengths from 2 to 3 years. (effective 2027) Why it matters:
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FLOWER MOUND - HIGHLAND VILLAGE - ARGYLE EDITION
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