Frisco | October 2023

BY ALEX REECE

Dr Pepper lab gets approval from city A subsidiary of Keurig Dr Pepper Inc. now holds a research-focused brewery permit from the city. Frisco City Council members approved a special-use permit for a brewery and distillery during an Oct. 3 meeting. The details The applicant is DPS Holdings Inc., a wholly owned subsidiary of Keurig Dr Pepper Inc. It leases office space in Frisco Station for a development laboratory. “[DPS Holdings operates] the laboratory to create and test new beverage products,” Assistant Director of Planning Jonathan Hubbard said at a Sept. 12 Planning and Zoning Commission meeting. “Some of the products they are seeking to evaluate and test include an alcohol component.”

City’s FY 2023-24 budget lowers property tax rate Frisco’s fiscal year 2023-24 budget will add 74 new positions across multiple departments. Frisco City Council members approved a $267 million general fund budget and a $0.432205 per $100 valuation tax rate during a Sept. 19 meeting. The breakdown The FY 2023-24 budget includes a general fund budget of $266.86 million, a roughly $21 million increase from last year’s projected end-of-year totals, according to budget documents. A new property tax was approved at $0.432205 per $100 valuation, the first change to Frisco’s rate since fiscal year 2018-19 when it was lowered from $0.45 to $0.4466. Here is how the property tax is broken down: • $0.289263 to maintenance and operations • $0.142942 interest and sinking

Frisco’s 2023-24 general fund The police department saw a 14% increase in its budget since last year, according to budget documents.

$66.75M Police department $53.87M Fire department $24.6M Parks and recreation

$22.1M Financial services

$20.44M Administrative services $17.96M Public works $17.78M Information technologies $7.44M General government $7.37M Library services $18.52M Other* $9.97M Development services

* INCLUDES ENGINEERING, HUMAN RESOURCES, BUDGET AND STRATEGIC PLANNING DEPARTMENT AND NON-DEPARTMENTAL.

SOURCE: CITY OF FRISCO/COMMUNITY IMPACT

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