While the proposed tax rate of $0.4466 per $100 valuation is consistent with Frisco's 2019-20 tax rate, it will raise 2.2% less revenue from property taxes compared with the revenue raised on the same properties for the current budget. In a document prepared for council, city staff said property tax revenue to be raised from new property value added to the tax roll this year is more than $8.06 million.
A draft version of Frisco’s proposed budget is available to view on the city website.
A second public hearing on the proposed budget will be held during council’s regular meeting on Sept. 15. A public hearing on the proposed tax rate will also be held during the Sept. 15 meeting, and council will consider adopting the budget and tax rate during that meeting.
Council will also hold its summer work session at noon Aug. 18 at The Grove at Frisco Commons, 8300 McKinney Road, Frisco. The summer work session was originally scheduled to be held June 26, but was postponed amid an increase in local cases of COVID-19.
The agenda for the work session includes council discussion of downtown issues, the capital projects plan, project management updates, stormwater management plan, short term rentals and updates to Frisco’s top 10 priorities set during the winter work session Feb. 1.
The council’s 5 p.m. regular meeting on Aug. 18 will be held in the council chambers at the George A. Purefoy Municipal Center, 6101 Frisco Square Blvd., Frisco. The meeting will also be streamed live on the Frisco Television Network, which is shown live on the city’s website here.
Other agenda items for the regular meeting include a trio of public hearings to rescind specific use permits that were never executed or are no longer necessary. Council will also receive regular monthly reports from the city's police, fire, finance and development services departments as well as Visit Frisco.