Summary
The town reviewed a $140 million operating budget focused on employee compensation and infrastructure while maintaining a steady tax rate of 50.5 cents.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
Impacts resident tax bills by an average increase of about $115 annually due to taxable value adjustments.
Town employees and public safety personnel receiving market-rate salary adjustments, and residents benefiting from maintained municipal service levels.
Property owners facing increased taxable property valuations.
Mentions & discussions (6)
Town Council Regular Meeting — September 8, 2026
The town approved a $139 million operating budget and kept the tax rate steady at $0.505 per $100 valuation, while freezing general fund hiring to focus on existing operations and public safety compensation.
Economic Development Corporation Meeting — August 17, 2026
The board was scheduled to review and approve the operating budget that guides economic development funding and initiatives for the upcoming fiscal year.
Town Council Regular Meeting — August 11, 2026
The town council reviewed the preliminary budget for the upcoming fiscal year, which totals nearly $140 million in operations and maintains the property tax rate at 50.5 cents per $100 valuation. Public hearings are set for September 8.
Town Council Special Meeting — August 10, 2026
The town reviewed a $140 million operating budget focused on employee compensation and infrastructure while maintaining a steady tax rate of 50.5 cents.
Town Council Regular Meeting — January 13, 2026
The town is moving to a new five-year contract with Collin County to stabilize costs for animal shelter services, while also looking for more cost-effective options for animal control.
Prosper, Texas Adopts $102.6 Million Budget, Lowers Property Tax Rate
Prosper, Texas Adopts $102.6 Million Budget, Lowers Property Tax Rate Local Profile
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