Town of Little Elm Budget Highlights FY22-23

Page 1

Town of Little Elm FY 2022 - 2023 Budget Highlights Fire Station 4/Police Substation This project will provide additional fire and police resources around the US 380 Corridor and will be located within the Spiritas Ranch development that is currently under construction. Design will begin in FY 2022-2023. Initial cost estimates are $6.5 million. Funding is planned from the issuance of the 2022 CO.

Lakeside Middle School Softball Improvements These improvements will consist of a youth softball complex made up of three softball fields and a concession stand. Cost estimates are $5.9 million. Construction for this project started in July 2022, and is anticipated to be complete by Spring of 2023.

Hill Lane Improvements This project will expand Hill Lane from Oak Grove Parkway to Dickson Lane to a collector level thoroughfare. The Town is seeking funding assistance from Denton County. Design is expected to be completed by the end of 2022. Estimated construction cost is approximately $6,753,600.

The Lawn at The Lakefront™ The Lawn will consist of a grand lawn area, playground, amphitheater, yard games, and event space for potential food truck events or farmer’s markets. The total budget for this project is $4.5 million.

King Road Improvements This project will expand King Road to a four-lane divided thoroughfare from Witt Road to Rose Lane. The Town has received $4,500,000 in funding assistance from Denton County and assistance from the City of Frisco through an interlocal agreement. The project is currently in design and will be constructed by the City of Frisco. The road improvements are estimated to be complete by the Fall of 2023.

Little Elm Park Camping Improvements Proposed improvements include upgraded campsites, a new restroom and shower facility, and a boardwalk connection to the amphitheater. The Town is seeking grant funding through the Texas Parks and Wildlife Department. Initial cost estimates are $1.5 million Cottonwood Park The project is currently under design and is expected to break ground in the middle of 2023. The first phase of this project will include new trails, pavilions, parking, a playground, restrooms, site amenities, and general improvements. The total budget for the project, including design, is $5.7 million.

Total Townwide Budget $130,897,724 Adopted Tax Rate $0.486416 M&O Rate

$0.143484 I&S Rate

Where Do Your Property Taxes Go? Town of Little Elm, 30%

Denton County, 10%

$0.629900

Adopted Tax Rate

391 FTEs Serving you! ISD (Average), 60%


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.