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Farmers Branch highlights lowest tax rate in 41 years, AAA bond ratings and 2024 growth
Summary
In a year-end address, an unidentified Farmers Branch city official credited 2024 with the city's lowest tax rate in 41 years, AAA ratings from Fitch and S&P, new economic and recreational facilities, and a slate of housing and infrastructure projects aimed at long-term neighborhood stability.
An unidentified city official delivered an end-of-year address summarizing Farmers Branch's 2024 accomplishments, saying the city recorded its lowest tax rate in 41 years and earned AAA bond ratings from Fitch Ratings and S&P Global — placing Farmers Branch among seven Texas cities with both ratings.
The official highlighted new economic assets, including the Star Center multisport athletic complex, an 81,000-square-foot facility with multiple courts, and the city's hosting of the UPA World Pickleball Championships for a second consecutive year. Officials said those events generated measurable economic activity for local businesses.
Local dining and retail growth were also noted: the Boardwalk at Mercer Crossing opened with restaurants such as Black Agave and Barrel and Bones, and the address cited forthcoming and new businesses including Bugatti Ristorante, Aussie Grind Provisions and Rediche at Mustang Station.
The address prioritized resident services and neighborhood connections, pointing to renovations at the Branch Connection for active adults, enhanced offerings at the recreation and aquatic center, and upgrades to the Manske Library innovation zone with new 3D printers and Cricut machines. Venue 1842 at Farmers Branch Historical Park was presented as an upgraded event space supporting the park's educational mission.
The speaker closed by framing the year's projects and programs as steps toward a more sustainable, connected community going into 2025.
