Town Council Adopts $14.6 Million FY13-14 Budget, Lowers Tax Rate

Posted by April Reiling on Oct 04, 2013
Tags: Community, Government, Road Construction, Town News, Transparency

On September 23, the Trophy Club Town Council unanimously approved a balanced $14,642,151 FY13-14 Budget, which officially took effect on October 1, 2013. Revenues are projected to exceed expenditures by $82,578, a savings that reflects the innovative and cost saving approaches utilized by Town Management. The FY13-14 Budget is based on a property tax rate of $0.4993 per $100 assessed valuation, which is a $0.019243 decrease from the 2012-2013 fiscal year.

The Town continues to experience strong development growth which resulted in over 12% value increase from last fiscal year. The majority of the increase is attributed to new construction occurring within Trophy Club.

FY13-14 Budget highlights include:

  • A full-time Animal Control Officer (previously part-time).
  • An additional Parks Maintenance employee.
  • 50% funding of a full-time Firefighter.
  • 50% funding of a full-time Marketing/Economic Development analyst.
  • Adding a Planner to the Planning & Zoning Department.
  • Adding a part-time accountant/bookkeeper to the Finance Department.
  • Continued funding of the formal Capital Replacement Program.
  • Community ‘Skunk Works’ program.
  • 2% Cost of Living Adjustment effective October 1, 2013 for all employees.
  • Competitive market salary adjustment for Police patrol officers.
  • Fence replacement along the common area behind Beck Elementary School.
  • Implementation of three projects identified in Phase 1 Stormwater Master Plan.
  • Continued Road improvements including Indian Creek road rehab project and Meadowbrook Drive.

The FY13-14 Budget presents the plan for accomplishing Town Council objectives during the 2013-3014 fiscal year in financial terms. Town Council goals and core values are reflected in the newly adopted budget, including:

  • Providing exceptional governmental services;
  • Remaining fiscally sound;
  • Effectively allocating resources to meet citizen needs; and
  • Valuing our employees.

View the Town of Trophy Club FY13-14 Budget in its entirety at: www.trophyclub.org/assets/tc/departments/finance/FY13-14-budget.pdf