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Frisco City Council adopts FY2026 tax rate of 0.425517 and approves related budget measures
Summary
Council voted 5-0 to adopt an overall FY2026 tax rate of 0.425517 (maintenance & operations 0.292775; interest & sinking 0.132742), passed required ratification of increased property tax revenue, and approved related FY25 revised and FY26 proposed budget items including CDC and EDC appropriations.
Frisco City Council voted unanimously on Sept. 16 to adopt the FY2026 tax rate and to approve several budget measures and budget-related resolutions.
Tandy Anderson, director of budget and strategic planning, presented the recommendation to keep the overall tax rate at the voter-approval rate of 0.425517, split into a maintenance and operations (M&O) rate of 0.292775 and an interest and sinking (I&S) rate of 0.132742. Staff noted the proposed rate exceeds the 'no new revenue' rate of 0.408966 and observed the action would effectively increase the tax rate by 3.5% and would raise the tax on a $100,000 home by approximately $9.37, per the required truth-in-taxation disclosure.
After opening the public hearing on the tax rate and hearing no public speakers, council adopted the required motions to fix and levy the rate; the motions were recorded as passing 5-0.
Council also approved a resolution ratifying that the FY26 budget includes more property tax revenue than the FY25 budget, as required by local government code. Separately, council approved Item 27 (the revised FY25 budget and the FY26 proposed budget), Item 28 (FY26 CDC appropriations) and Item 29 (FY26 EDC appropriations) on unanimous votes.
Staff described several reinvestments called out in the budget presentation, including recent and planned public-safety facility renovations (stated in the transcript as $47,000,000), public works investments for road and sidewalk maintenance ($13,000,000), and a planned $70,000,000 plaza and garage project in the rail district discussed as part of the downtown investments. Transcript numeric strings for the overall general fund totals included unclear formatting; the transcript did not present an unambiguous single-line total for the general-fund appropriation that could be reported with full numeric confidence, so this article states those totals only where the transcript is clear.
Next steps: council directed staff to produce public communications on reinvestments and to return with further details as part of continued budget oversight in October.
