Flower Mound's Town Council made significant strides in financial planning during their recent meeting on August 4, 2025, approving a tax note that will save taxpayers approximately $10,000. This tax note, the first issued by the town in years, is set to be paid off within one year, allowing the town to manage its operating funds more effectively by shifting some costs from cash to debt without incurring high interest rates.
The council discussed the implications of a recent legislative bill that did not pass, which aimed to cap the amount of debt municipalities could issue. Although the proposed cap would not affect Flower Mound's current tax note, it highlighted the importance of maintaining financial flexibility for future projects.
In addition to the tax note, the council addressed stormwater fees, a topic that has been under discussion for nearly a year. The council is considering different rate structures for stormwater management, focusing on how these rates impact both residential and commercial properties. The proposed options range from $6 to $6.50 per Equivalent Residential Unit (ERU), with varying effects on revenue generation and customer costs.
The council's recommendation leans towards option 4, which would maximize revenue and allow for enhanced drainage maintenance services. This option would provide additional funds for contract work and studies, addressing community drainage issues more effectively. The council emphasized the importance of this policy shift, noting that it represents a commitment to improving drainage maintenance beyond what previous councils have undertaken.
As the council prepares to finalize the budget in September, they are keen to ensure that the new stormwater rates are fair and sustainable, balancing the needs of the community with the financial realities of maintaining essential services. The discussions reflect a proactive approach to managing the town's resources and addressing pressing infrastructure needs, setting the stage for future improvements in Flower Mound.