Can you hear that? That’s the sound of your taxes going up.

Last night, the Frisco City Council approved the proposed property tax increase outlined in the 2010 Budget.

In a 4-3 vote, it was decided that your property tax will go up at the rate of 46.5 cents per $100 assessed valuation, is just under the 46.55 cent effective rate that raises the same amount of revenue on existing property as last year. This was outlined in a story posted earlier this week.

While it is only a 1.5 cent tax increase, it is still a tax increase. Hence the term “Being Nickel and Dimed” It’s not that it is a small increase, it’s that those increases tend to add up making it more difficult for already struggling families to make the mortgage, buy household groceries, and provide a nice middle class life style for their family.

Council went into the meeting with a 3-3 tie. Bart Crowder, Bob Allen, and Jeff Cheney, all for the tax increase. While David Prince, Pat Fallon, and Scott Johnson all opposed the increase. Mayor Maso broke the 3-3, approving the increase at a vote of 4-3.

This 3.3 percent hike will help balance the city’s general fund which currently holds $76 million dollars.