On Friday, August 2 the Trophy Club Town Staff provided a FY13-14 proposed budget overview to the Town Council during a Workshop Session that lasted approximately 5.5 hours. The proposed budget is based on a $0.4975 property tax rate per $100 valuation, which represents a $0.02 decrease on the current tax rate. For the first time in Trophy Club history the taxable value exceeds the $1 billion mark.
Since the proposed tax rate is less than the effective rate, the Town needs to hold only one Public Hearing. The Budget Calendar below provides a breakdown of important dates and action items related to the budget: