Real Frisco

The Frisco City Council will meet this evening to discuss, among many things, the 2010 proposed budget.

A source has told us that currently the council stands 3-3 on the proposed property tax increase, with Mayor Maso holding the deciding vote.

Two public hearings have been held on this matter. The first public meeting was held on August 18th, 2009. The second meeting was held on September 1st, 2009. The budget is scheduled for adoption at a special meeting that will be held on September 17th, 2009.

This particular increase is being called the effective rate increase. Meaning, it will raise the same amount of dollars as the previous year. Because the value of most homes has generally gone down over the last year, the rate must be increased in order to generate the same amount of revenue as the previous year.

Many members of council are for this increase because it will allow them to fill positions and provide additional city jobs that they otherwise will not be able to fill.

It really does seem as though that there are plenty of pros and cons to the tax increase. Yes, it will cost the average home owner just a little bit more each year, but in turn it will provide much needed jobs for the many struggling families still looking for work.

What say you?