20140909 Proposed Budget and CIP PresentationTown of Prosper, Texas
Proposed Budget and Tax Rate
Public Hearings
September 9, 2014
No Tax Rate Increase
No Water or Sewer Rate Increase
No Solid Waste Rate Increase
No Storm Drainage Fee Increase
No Other Fee Increases
Proposed FY 2014-2015 Budget Includes:
2
•Consultant study recommended 7.9% water
and 5.4% sewer rate increases
Proposed FY 2014-2015 Budget Includes:
3
•Increases averted because of drought
response and internal savings
Public Safety
Streets
Parks
Proposed FY 2014-2015 Budget Focus:
4
Prosper Population Growth
Source: Census for available years. Population estimates through 2014 are from North Central Texas
Council of Governments; future estimates are from Town of Prosper staff.
2,097 2,400 3,100
5,250 6,350
9,423
11,160 12,160
13,380
14,710
16,475
27,018
0
5,000
10,000
15,000
20,000
25,000
30,000
2000 2002 2004 2006 2008 2010 2011 2012 2013 2014 2015 2020
5
Prosper is a place where everyone matters.
6
7
New Residential Construction Expanded Tax Base & More Population
More Population Increased Demand for Services, Programs,
Facilities & Infrastructure
Increased Demand More Staff, Equipment & Capital Projects
More Capital Projects More Capital Debt
More Capital Debt Increased Annual Debt Service
Increased Debt Service Less Revenue for O&M (Services, Programs,
Staff & Equipment)
Less Revenue for O&M More Property Tax Revenue Required to
Support Expanded Tax Base
High Growth Dynamic
8
Summary of FY 2014-2015
Capital Improvement
Program (CIP)
10
SH 289 Median Lighting
$950,000
Cockrell Park Land Acquisition
$1,050,000
Frontier Park
SW Corner Lighting
$425,000
Coleman Street Improvements
$1,560,900
SH 289 Median Landscaping
$550,000 Custer Road Turn Lanes
$1,050,000
Gates of Prosper Road Improvements
$2,000,000
US 380 Improvements
(TxDOT)
Richland Blvd.
Median Landscaping
$170,000
11
Prosper Trail EST
$517,300
Lakes of La Cima Outfall
$250,000
Gates of Prosper WW Improvements
$5,700,000
BNSF Railroad PRV’s
$582,200
BNSF Railroad PRV’s
$582,200
Lower Pressure Plane
Transmission Line
$175,000
Landplan Sewer
$300,000
La Cima #1 Lift Station
$245,000
Collin Court Drainage
$10,000
Crooked Stick Drainage
$33,000
12
Downtown Enhancements
$490,000
Motorola Radio System
$1,400,000
Broadway
$113,000
Fifth Street
$216,000
McKinley Street
$275,000
Seventh Street
$793,655
Town Hall / Multi-Purpose Facility
$852,000
Hawk Ridge Channel Improvements
$165,000
13
West Prosper Road Improvements
$12,531,000
Windsong Ranch Fire Station
$5,050,500
Matthews Southwest WW Improvements
$2,500,000
Gates of Prosper WW Improvements
$5,700,000
Teel Parkway (DCFWSD #10)
$300,000
US 380 Improvements
(TxDOT)
Lower Pressure Plane
Transmission Line
$175,000