By Rodney Hays
Two weeks ago, the Prosper Town Council voted to set two public hearings on the proposed tax rate, Thursday, Aug. 29, and another on Tuesday, Sept. 10. Both public hearings will take place at Prosper Municipal Chambers, 108 W. Broadway, at 6 p.m.
The proposed tax rate is 52 cents per $100 of valuation, the same as the past two years. The tax rate will help fund a budget of $24 million, plus another $2.8 million for the debt service.
About 35 percent of the budget will go to the fire and police departments. Another 28 percent will go the parks department and administrative budgets. The next biggest appropriation is the streets department budget at $1.3 million or about 11 percent.
About 44 percent of the town’s revenue will come from the tax rate on property values. The estimated property values is about $1.44 billion, up from $1.25 billion last year, or about a 15 percent increase. Licensing and fees ($1.78 million) and sales tax ($2.7 million) accounts for another 38 percent of the town’s revenue.
The 52-cent tax rate is in line with other Collin County towns, according to the 2012 tax rates from the Collin County Tax Assessor’s website. The Celina city tax rate is 64.5 cents, Frisco’s is 46 cents, and McKinney’s is 58.5 cents.
The budget presentation is available on the town’s website at www.prospertx.gov.
In other business:
n The council approved the consent agenda, including an agency client agreement for fiscal year 2013-2014 between the Town of Prosper and Zenitram and Associates, d.b.a. Municipal Voice; and an Agreement with Collin County for the Provision of Firefighting and Fire Protection Services.
n During the public comments time, the council heard from elementary school student, Londyn Ogletree, who addressed the Council and spoke in support of improvements to the neighborhood park in the subdivision where her family resides.
n The council approved accepting the submission of the notice of an effective tax rate of $0.491217 per $100 assessed valuation and a rollback tax rate of $0.463067 per $100 assessed valuation for the fiscal year beginning Oct. 1, and ending Sept. 30, 2014.
n The council awarded a bid to Dickerson Construction Company, Inc. related to construction services for the RaceTrac Offsite Water Line.
n After the executive session, the council directed staff to proceed with the design of Cockrell Park without the addition of athletic field lighting, and to contact Bill Hays of the Prosper Historical Society about a future proposal to be brought before Council.
Council adjourned the meeting at 8:27 p.m. Present were Mayor Ray Smith, Mayor Pro Tem Meigs Miller, Deputy Mayor Pro Tem Kenneth Dugger and Council members Michael Korbuly, Curry Vogelsang and Danny Wilson. Council member Jason Dixon was not present.