The budget features a $198 million general fund and a property tax rate of $0.4466 per $100 valuation, which is the fifth consecutive year with the rate. Focuses of the budget include provisions for public-private partnerships, such as the future performing arts center at Hall Park, PGA Frisco and design services for Grand Park.
The budget also provides Frisco homeowners a 10% homestead exemption. Senior homeowners 65 and older get an added $80,000 tax break.
The new budget includes 47 full-time positions, including 27 public safety positions between the police and fire departments. About 70% of Frisco’s operating budget is dedicated to employee wages, according to the city, with nearly half of that spent on public safety.
A detailed look at the FY22 budget can be found here.
