The proposed budget was presented to council during the Aug. 11 work session meeting. Council will have to formally approve the budget in September, according to the presentation.
By the numbers
The projected budget is $31.3 million, a drop from last year’s budget of $38.5 million. Trophy Club Director of Finance April Duvall said the decrease is because of bond proceeds in fiscal year 2024-25 that are not in this budget.
The highlights include a 3% raise for all employees, then an additional 2-4% in merit-based raises, Duvall said.
Of the $31.3 million, Duvall said that personnel costs account for 64% of the budget. The general fund, which pays for salaries and benefits, is $17.7 million, an 8.5% increase from FY 2024-25.
The Crime Control and Prevention District budget includes funds for an additional officer. Police Chief Patrick Arata said his department has only been fully-staffed once in five years and that period lasted for only three months. The CCPD budget is $539,884, according to previous reporting.
The budget also includes further funding for the Thrive Business Grant, which provides up to $20,000 in business support and expansion, according to previous reporting.
The breakdown
The FY 2025-26 budget proposes a tax rate of $0.412864 per $100 of taxable valuation, which is a decrease from the previous year’s rate. The FY 2024-25 property tax rate was approved at $0.415469 per $100 of taxable valuation, according to previous reporting.
Despite the projected decrease in the tax rate, the FY 2025-26 budget will raise $562,699 more, a 5.26% increase due to higher valuations from Tarrant and Denton counties, Duvall said.
Items worth mentioning
There will be $7.12 million slated for the town's Capital Improvement Program. The six-year CIP features $23.8 million in replacement and maintenance, according to city documents.
Some of the changes will be renaming the Christmas in the Park to Winter Wonderlights after the addition of drones last year, which will be back this December.
In addition, Taste of Trophy Club will be renamed Harvest Festival, according to city documents.
