09/23/2026
Cities just wrapped their annual budget processes. This is a year round process with months of discussions, public hearings, citizen input and a lot of work from city staff behind the scenes. Frisco staff has always done an extraordinary job of looking years into the future, not just on an annual basis.
People naturally focus on the expense line items, and that matters. Those choices are real. But building a budget is not just about line items. It is an annual step in a long-term vision of building a community. Often lost in the public discussion each year is how investments in economic development are the engine that makes that vision go.
Here is one way to see part of that story. Compare the city tax bill, and factor in homestead.
On a $500,000 home, City of Frisco TX - City Hall has the lowest city tax bill among these six cities after the general homestead exemption.
That did not happen by accident. It has been a long term plan to grow our tax base so our Homestead Exemption could be implemented and the rate could be lowered.
Over time, Frisco and Plano built more diversified tax bases. Commercial property. Sales tax. Tourism. That mix helps pay for services and amenities residents love. Frisco TX EDC has been a big part of growing that base.
Think about what that engine has helped support:
• The Library
• Northwest Community Park just opened, with real excitement around what it means for everyday Frisco Play Frisco - Parks & Recreation
• Huge progress is being made on Grand Park and the lake is being dug now
• Frisco on the Green is under design
• Neighborhood parks and older park reinvestments that often get less attention but matter just as much
• The Downtown Plaza is now open
• Toyota Stadium is under major renovations and today was the public announcement of a mix use district being planned similar to the outdoor areas like the Star
Tourism is part of that same story. Visit Frisco, TX helped Frisco cross 8 million visitors for the first time last year. These residents help fill our hotels and restaurants and shop in our retailers. It also helps grow our brand across the country. Next year, the eyes of the world will be on Frisco with the PGA Championship.
One distinction that matters to me: every tourism project has always aimed to serve our residents first. Our student athletes get to play at Toyota Stadium, The Star, and PGA Frisco. Our kids will grow up with Universal Kids as part of their daily lives. Kids can be raised here, go to college here, and look for high-quality jobs here.
A lot of people assume the cities with the highest amenities will have the highest taxes. It is usually the opposite. Communities that keep investing in themselves create a self-fulfilling cycle.
Budgets are set and planning already begins for the next year. Now every city is competing on the same question: what’s next?
I am excited to watch what each one comes up with.