THE CITY OF FRISCO WILL SOON START A NEW FISCAL YEAR WITH A BALANCED BUDGET. 
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“ALL IN FAVOR? I - THAT MOTION PASSES 5-0.” AFTER 2 PUBLIC HEARINGS, THE FRISCO CITY COUNCIL APPROVED A GENERAL FUND BUDGET OF $306.3 MILLION FOR THE FY26 FISCAL YEAR. 
          CAPITAL INVESTMENTS TOTAL $1.04 BILLION. 
          THE CITY'S BUDGET INCLUDES FUNDING FOR 58 NEW FULL-TIME EQUIVALENT POSITIONS, BUILDING MAINTENANCE, NEW AND REPLACEMENT IT SERVERS AND LIBRARY MATERIALS. 
          “STAFF IS RECOMMENDING THE FY2026 TAX RATE REMAIN THE SAME AS THE CURRENT TAX RATE OF .425517.” AS PROPERTY VALUES GO UP, THE TAX RATE DOES NOT. 
          THE AVERAGE MONTHLY TAX BILL IN FRISCO WILL BE ABOUT $182. 
          “THIS YEAR’S BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES THAN LAST YEAR’S BUDGET.” IN JUNE, THE CITY COUNCIL VOTED TO RAISE THE HOMESTEAD EXEMPTION TO 20%, THE MAXIMUM ALLOWED BY TEXAS LAW. 
          RESIDENTS WITH A HOMESTEAD EXEMPTION COULD SEE A REDUCTION IN THEIR TAX BILL. 
          FRISCO WATER UTILITIES FACE PRICE HIKES IMPOSED BY THE NORTH TEXAS MUNICIPAL WATER DISTRICT, WHICH PROVIDES OUR WATER. FRISCO IS REACTING, NOT DRIVING THE INCREASE IN UTILITY COSTS. 
          THE AVERAGE MONTHLY UTILITY BILL WILL GO UP ABOUT $17, BUT THOSE RATES WILL NOT BE APPLIED UNTIL THE FIRST OF JANUARY. 
          “MOST ALL OF THE WATER, SEWER INCREASES REFLECT PASS THROUGH RATE INCREASE FROM THE WATER DISTRICT AND THE UPDATED CITY TRANSMISSION COSTS.” 2 OF THOSE COSTS ARE CONSTRUCTION FOR THE EXPANSION OF THE PANTHER CREEK WASTEWATER TREATMENT PLANT AND DESIGN COST FOR THE STEWART CREEK WASTEWATER TREATMENT PLANT EXPANSION. 
          “EFFORTS HAVE BEEN MADE THIS YEAR AND YEARS PRIOR TO REINVEST IN OUR EXISTING INFRASTRUCTURE, MODERNIZE TECHNOLOGY AND BUILD CAPACITY TO SUPPORT THE CONTINUED GROWTH OF THE CITY OF FRISCO.” RECENT PROJECTS INCLUDE THE REMODEL OF FIRE STATION 2, THE UPDATE TO TUSCANY MEADOWS PARK AND REPLACING AGING ROADWAYS IN SOUTHEAST FRISCO. 
          “IT IS A TEAM EFFORT. IT TAKES A LOT OF DISCIPLINE AND COURAGE TO STAY THE COURSE. 
          AND FRISCO IS REAPING THE BENEFITS TODAY OF MANY DECISIONS MADE A LONG TIME AGO AND THOSE EFFORTS TO SUSTAIN THOSE DECISIONS CONTINUE.” “THIS IS MY 18TH AND LAST BUDGET TO WORK ON. IT WAS STRATEGIES PUT INTO PLACE MAKING SURE WE HAD A DIVERSE TAX BASE, THAT WE WEREN’T JUST ROOFTOPS, THAT WE HAD HEFTY COMMERCIAL DEVELOPMENT, THAT TOOK THAT BURDEN OFF OF OUR RESIDENTS, THAT WE HAD WORLD-CLASS PROJECTS, THAT WE LEANED INTO TOURISM AND TO SALES TAX AND ALL THESE DIFFERENT REVENUE STREAMS HAS BEEN A 25-YEAR PROCESS TO GENERATE THE FUNDS NEEDED TO MAKE SURE THAT WE’RE A WORLD-CLASS CITY.” THE CITY OF FRISCO'S NEW BUDGET WILL GO INTO EFFECT OCTOBER 1ST. 
          TO SEE THE FY26 BUDGET AND TO LEARN MORE ABOUT THE CITY'S BUDGET PROCESS, GO TO FRISCOTEXAS.GOV/BUDGET.
* This transcript was compiled from uncorrected Closed Captioning.