Frisco officials are one step closer to approving the city’s new budget and tax rate.

Frisco City Council members held the first of two budget-centered public hearings during their Aug. 15 meeting.

What you need to know

The city’s proposed general fund for fiscal year 2023-24 is $266.84 million. Some items listed in the fund include:
  • More than 55 new full-time-equivalent positions, 32 of which would go to the Frisco Police Department with 17 additional positions accounted for in other funds as the city’s budget is slated to add more than 70 new positions altogether
  • $7.38 million for library expenditures
Another update in the budget is a new $0.432205 property tax rate to replace the city’s $0.4466 rate.

Keep in mind

While no residents chose to speak during the public hearing portion of the Aug. 15 meeting, they still have opportunities to share their thoughts with council, Mayor Jeff Cheney said.

“This public hearing process is the opportunity for our residents to give us feedback,” Cheney said. “You don't have to necessarily come to speak before us during the council meeting—send us your emails or calls.”

Stay tuned

Here are some upcoming dates to keep an eye on as city officials prepare to vote on the budget:
  • Sept. 5: the second—and final—public hearing on the budget
  • Sept. 19: a public hearing on the proposed property tax rate
  • Sept. 19: council votes on the budget and tax rate
  • Oct. 1: the new budget goes into effect
Residents who are unable to attend the meetings in person can watch a livestream on the city’s website.