#colorado #friscocolorado #realestate
The Frisco town budget for the upcoming year includes increased compensation for future town council members, compensation for previously unpaid planning commissioners, and funds for completion of Slopeside Hall at the Frisco Adventure Park.
The Frisco Town Council last Tuesday, Oct. 10, approved the $41,296,533 budget on first reading. Finance Director Leslie Edwards told the council that with $43 million in projected revenues, the town expects to have an end balance of $40.5 million between all funds at the end of 2024.
The town also adopted a mill levy of 0.798 mills. It’s the same as last year’s since it can’t be increased without an election. According to a report from Edwards, the levy is forecast to generate just under $300,000 in property tax revenues.
“This is a relatively small amount compared to the total collections within the town of Frisco,” Edwards noted.
The revenues of most of the town funds, including the general fund and capital fund, are expected to increase slightly in 2024 compared to 2023, Edwards said. The only major fund projected to decrease in revenue is the housing fund due to the financing of the Granite Park workforce housing project in 2023, she said.
