Among the several things on the agenda for the Sep. 16 Frisco City Council Meeting, one of them was the members voting on whether to adopt the proposed budget for the 2026 Fiscal Year, which takes place from Oct. 1, 2025 to Sep. 30, 2026. 

Council members voted in favor of the budget, allotting 304.8 million dollars to the city for the 2026 fiscal year. 

There was a multi-step process to reach the approval phase which spanned over several months, with city council members initially discussing focus areas for the budget in January, city manager Wes Pierson submitting the budget proposal to the council on Aug. 5, and the council holding two public hearings in August and September where citizens could express their concerns or opinions about the budget. 

The proposed budget comes with a number of changes and additions that distinguish it from FY25’s (Fiscal Year 2025), including an increase in the homestead exemption rate from 5% in 2025 to 20% this year, which will allow homeowners to pay less property tax by reducing their property value by up to 20%, the creation of new public safety positions, and more funding for road repairs. 

On the other hand, the FY26 (Fiscal Year 2026) budget also retains some aspects of the FY25 one. For example, the city’s tax rate will remain flat, sitting at $0.425517. 

“Lots of exciting things coming out of our budget. As we all know, we are not increasing our tax rate this year—again,” city council member Angelia Pelham said in a Facebook video. “We are increasing our homestead exemption to 20%. We are continuing to invest in our infrastructure and our roads. We continue to put over 28% in our unassigned fund balance for rainy day. We are also investing in headcount in our city staff—which includes public safety, I think [we have approved] over 48 positions. So, a lot of investments in our city while not raising our tax rate again. So, we’re really excited about how we have managed our budget this year.”