Real Frisco

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.