Town of Little Elm
FY 2023 - 2024 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. The project is currently being designed and is anticipated to be complete in 2025. This project will be funded by a $10 million certificate of obligation (CO) issued in 2022. Future funding will be considered through additional COs or capital reserve. Initial cost estimates for this project are still being calculated.
Hill Lane Improvements
This project will reconstruct Hill Lane from Oak Grove Parkway to Dickson Lane to a collector- level thoroughfare with a 2-lane divided concrete cross-section, underground drainage system, enhanced landscaping, and sidewalks. The project is currently at 90% design and is expected to begin construction in the first quarter of 2024. This project will be funded through the Denton County TRIP 2022 Bond Program, with total costs estimated at $5.2 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 $4.5 million 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.
$145,084,358 Total Townwide Budget Adopted Tax Rate
$0.440095 $0.149805 $0.589900
M&O Rate I&S Rate Adopted Tax Rate
370.25 FTEs Serving you!
North Little Elm Library
This project will install a 24-Hour Library kiosk outside of Fire Station 3 to provide materials to the northern Little Elm community. Residents will be able to pick from a rotating selection of materials and return them when they are finished. Residents can also request specific materials to be brought to the kiosk. The total cost of this project is approximately $270,000.
Cottonwood Park
This project is currently underway, and is expected to be complete in late 2024 or early 2025. The project includes new trails, pavilions, parking, a playground, restrooms, site amenities, and other general improvements. The estimated cost of this project is $8.6 million.
Westside Water System Improvements
This project will add a new pump station, ground storage tank, hydro pneumatic tank, and disinfection equipment. This will provide increased pumping capacity and pressure for the water distribution system west of the Little Elm Bridge. Land acquisition for this project is currently in process. The design will begin in the summer of 2024 in the amount of $1 million. The estimated cost of the total project, including design, is $10 million.
Where Do Your Property Taxes Go?
Denton County, 10% ISD (Average), 60% Town of Little Elm, 30%