The city of Frisco’s 2019-20 budget includes the addition of four new police officers and a steady tax rate.
Frisco City Council approved the tax rate and $177.9 million general fund budget Sept. 17.
The four new positions are 41 positions fewer than what were added in the 2018-19 budget. City staff pointed to revenue restrictions from new laws passed in the state Legislature and slower sales tax growth as reasons for recommending adding fewer positions this year.
City Manager George Purefoy said in a previous story that the city will reassess revenue midyear to see whether more positions can be added.
One of the revenue restrictions the city is facing this year is complying early with Senate Bill 2. The law restricts property tax revenue growth to 3.5% year over year for taxing entities, such as cities. Frisco’s tax rate will remain the same at $0.4466 per $100 valuation, resulting in projected property tax revenue growth of 2.16%.
Other revenue restrictions include bills passed in the Legislature that affect how the city can collect fees. The city’s sales tax revenue also grew at a slower rate last year than projected.
Despite the revenue restrictions, the city is maintaining both its homestead exemption and senior citizen exemption.
The 2019-20 budget goes into effect Oct. 1.