Frisco’s fiscal year 2023-24 budget will add 74 new positions across multiple departments.

Frisco City Council members unanimously 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.

The city is also adding 74 new positions across several departments, some of which are part-time. Of these new positions, 32 will go to the police department, and three will go to the fire department, according to budget documents.

Also of note

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 in Frisco:
  • $0.289263 to maintenance and operations
  • $0.142942 interest and sinking, which pays back the city’s bond debt
Keep in mind

The FY 2023-24 budget is expected to push the city toward council’s priorities for the year, according to budget documents.

Council’s priorities for FY 2023-24 include:Stay tuned

The budget will go into effect when the new fiscal year begins Oct. 1.