On Oct. 22, the Frisco Town Council successfully approved a $52,182,896 budget for 2025 on the second reading of the proposal. 

Town Council expects to have $43,433,982 in projected revenues in 2025. With estimated revenues and reserves totaling $90,584,598, Frisco communications director Vanessa Agee says the town has enough money to meet its expenditures while maintaining a seven-month reserve.

In addition to approving a budget for the 2025 fiscal year, Frisco Town Council also adopted a mill levy of 0.789 mills. The mill levy rate is the same as in 2024 and 2023 since it cannot be increased without an election. Within Frisco, property tax collections are used in order to defray the expenses in the general fund, and Frisco property tax revenue is forecast to result in revenues of $299,092 in 2025.

The revenue of Frisco’s general fund is expected to increase slightly in 2025 when compared to 2024. The general fund will increase slightly from $21,079,992 in projected revenue in 2024 to $21,448,332 in 2025.

The capital improvement fund will see a decrease of $1,772,006 in projected revenues in 2025. In terms of expenditures, the capital improvement fund will see a nearly $10,000,000 decrease, and the general fund will see a $2,334,569 increase.

The signifcant decrease in capital improvement fund expenditures is in large part because of the money that was poured into completing Slopeside Hall in 2024. With the Slopeside Hall project formally wrapping up earlier this fall and a ribbon cutting taking place on Tuesday, Nov. 12, Frisco has now turned its focus to improvement projects over the next five years. 

At a Frisco Town Council meeting on Sept. 10, Frisco town staff asked the Town Council to consider the next five years of the proposed capital improvements and focus primarily on projects over $1 million in projected cost from 2025 through 2029.

Town staff also noted in the meeting that if all of the projects that are outlined in the five-year capital plan were completed, then it would result in a fund deficit of over $7 million in over five years. 

With this in mind, the Town Council used its Strategic Plan to strategize which projects to focus on not only in 2025, but through 2029 as well. During the same Oct. 25 council meeting where the 2025 budget was formally approved, council also approved a new, five-year capital improvement plan that will prevent the town from falling into a deficit.

In 2025, Frisco will primarily focus on fiber infrastructure. The project will utilize directional boring and trenching to install new conduits and utilize conduits that have already been installed in several areas of the town. Frisco will put $2,000,000 into the fiber infrastructure project in 2025. The town is expected to not put any additional money into the project over the proceeding four years.

Other major capital improvement projects to take place in 2025 include environmental sustainability ($250,000), Pioneer Park improvements ($150,000) and trail enhancements ($150,000).

Environmental sustainability projects were identified by McKinstry, the town’s energy service company. Over the course of 2025, $250,000 will go to solar panels, public building electrification at the Day Lodge, ground-source heat pump at the Day Lodge, smart heat trace, LED lighting upgrades, charging stations at town hall, efficient lighting controls, building automation systems and Energy Star appliance upgrades.

The $150,000 allocated to Pioneer Park improvements is expected to jump-start the construction project. The money will go towards designing Pioneer Park which will begin construction in 2026. Frisco is expected to spend the budgeted $150,000 devoted to trail improvements on the Frisco Peninsula. 

Additionally, $100,000 is expected to go to solar light replacements on Summit Boulevard, and $75,000 will go to walkability improvements.

Frisco will then use the capital improvement fund for routine repairs and upgrades. $75,000 will go to Marina Park mobility improvements, $100,000 will be allocated to storm system repairs, $1,200,000 will fund vehicle replacements and $200,000 will be spent on police vehicle upgrades.