BY SAMANTHA DOUTY & ALEX REECE
Leaders talk projects at State of the City Officials hosted the annual State of the City on June 18 where city leaders discussed major projects happening in Frisco. The details Many of the projects underway are moving toward a 2026 completion as Frisco and the region prepare for the 2026 World Cup, Mayor Jeff Cheney said. Cheney also attributed some of the growth to the Professional Golf- ers’ Association of America’s Frisco campus, which has been open since May 2023. “It very much is transforming the northern part of our city, and build-out will be here faster than it otherwise would have,” Cheney said. The projects discussed during the event include: Hall Park, The Mix, Universal Kids Resort, Rail District and Firefly Park.
Homestead exemption to remain the same Frisco City Council members are expected to keep the city’s homestead tax exemption at 15% for the next fiscal year. The breakdown City staff recommended keeping the rate at 15% because projections show Frisco’s net taxable value will dip slightly in fiscal year 2024-25 due to revalues and adjustments, according to a June 25 council work session presentation. The projections were based on the previous year’s data as the city will not receive new information from the county until late July, Chief Financial Officer Derrick Cotten said. Commercial, retail and multifamily properties have been struggling under this economy, Cotten said. Those are problems the entire country is fac- ing, not just Frisco, council member Bill Woodard said.
Next steps for the city
• July 25: city officials receive certified tax roll • Aug. 6: budget and audit committee meets • Aug. 12: council members discuss the budget at a work session • Aug. 20: council holds the first public hearing on the budget • Sept. 3: council holds the second public hearing on the budget • Sept. 17: council holds a public hearing on the tax rate and adopts the city’s budget, tax rate and fee ordinances
SOURCE: CITY OF FRISCO/COMMUNITY IMPACT
The city has until July 1 to make any changes to the homestead exemption, according to a meeting presentation. No action was taken during the meeting. “Especially with the voter approval rate and the way that inflation has been recently, it’s already been so tight for us,” council member Laura Rum- mel said. “I just don’t think [raising the exemption rate] is realistic this year.”
Sean M. Hill, M.D. FACS Board Certified Plastic Surgeon 214.937.4879 YOU! The kids are going back to school, time to prioritize
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FRISCO EDITION
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