PID Assessments are payments made to cover the costs associated with improvements and services in the District. There are two types of assessments in The Town of Trophy Club Public Improvement District Number 1 (The Highlands at Trophy Club).
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Our Town goes through a public budget process to fund programs that are responsive to our community's wishes, effective in reaching our community's goals and do so in a cost-efficient way. The budget allows us to achieve policies and goals for the Town.
In Texas, cities must adhere to the state’s local budget law, a group of statutes that requires local governments to prepare and adopt annual or biennial budgets following a specific process. For in depth inquiring into the Texas Municipal Leagues review of the subject, click here.
Town budgets must follow a specific timeline outlined by the State of Texas. Once the Town staff prepares a proposed budget, a notice will be filed. The Budget Sub-Committee will then meet, discuss the budget, and recommend the proposed budget and property tax rate. A notice will be published on the proposed budget. Following a 5-30 day filing period, a public budget hearing will be held at a Town Council meeting. The tax levy will be determined by September 30. The Town Council must then adopt the budget and make appropriations. To view the full FY 23 budget calendar, click here.
There are a lot of resources to learn about the budget process at local governments and budget law. Some good places to start include: