Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
The Little Elm Town Council recently approved a new budget for the coming fiscal year 2018-19. Every year, the town staff creates both an operating and capital budget with regard to the Town’s strategic plan, which the council approved in 2013 and last updated in 2017. Developing the town budget is a lengthy and in-depth process that results in an expansive final report, so we have featured some highlights that may be of interest to you:
1. Lower Tax Rate. For the second year in a row, the Council has voted to approve a lower tax rate for the town. This year’s tax rate will be .649, down from .657 in FY2017-2018.
2. Budget Increases. The Town’s total budget for FY2018-2019 will be is $78,202,553, which reflects an increase of $2,799,323 or 13 percent. Some of these additional budget dollars ($1,260,271) come from additional property tax revenue from new properties built in 2018.
3. Five Year Planning. The Town of Little Elm takes a multi-year (five-year) approach to developing the budget, which allows for responsible fiscal planning and effective strategizing, maintaining of fund reserves, and maximizing efficiency.
4. Operating Expenses. Operating expenses for the Town total $51,975,898 consist of all of the costs associated with keeping the Town running, except for significant capital improvements, transfers, and debt service payments.
5. Increased Funds for Public Safety. The Town has increased expenditures for both public safety personnel, vehicles, and equipment for FY2019 by $1.0 million, including seven additional police officers.
6. Animal Shelter Improvements. The LE Animal Shelter will benefit from more than $36,000 of updates, including new animal cages and a new washer and dryer.
7. Capital Improvements. Capital improvements that fall under this budget include the FM 423 East Trail Project, the Hart’s Branch Trail Project, the McCord Park Expansion, and the expansion of the Waste Water Treatment Plant. Two other projects for the FY2018-19 budget include the construction of a 38,000 square foot aquatic center (estimated start date of 2019 and an estimated completion date of 2020) and the Little Elm Honor Park to honor first responders. The LE Honor Park will begin construction fall of 2018 and is expected to be complete in the spring of 2019.
8. Road Construction. The budget also includes funds for road repair. Large-scale projects will consist of reconstruction efforts on French Settlement Road, King Road, and Button Street. These projects will occur in addition to our annual street maintenance (ASM) and repair projects, which will be completed using funds from the dedicated street maintenance tax. ASM projects address repairs to streets, sidewalks, and curbs.
Click here for a copy of the adopted 2018-2019 budget.