Frisco leaders recently introduced a $304.8 million proposed budget for the 2025-26 fiscal year, aiming to balance steady tax rates with major investments in public safety, infrastructure and utilities.
The proposal, discussed at an Aug. 11 city council meeting, keeps the city’s property tax rate flat but still generates millions more in revenue due to growth.
Flat Tax Rate, Rising Revenues
The proposed tax rate remains at $0.425517 per $100 valuation. Thanks to new property developments and higher property valuations, the budget anticipates $6.2 million more in property tax revenue than last year, a 3.2% increase without raising the rate.
Though, city staff recommend raising water rates by 9% and sewer rates by 15% to offset higher operational costs. Recycling rates would also rise by $1 for residents, commercial fees by 5% and stormwater rates by 20%.
Boosting Public Safety And City Services
The plan funds 62 new city positions, with 51 of them — costing $3.4 million — coming from the general fund. Another $5.4 million is earmarked for merit-based raises, market adjustments and step increases for police and fire employees…