[Town Hall on August 29, 2024.]
          [00:00:07]
          RIGHT. GOOD EVENING. AND WELCOME TO THE TOWN OF PROSPER. BUDGET TOWN HALL. MY NAME IS CHRIS LANDRUM. I'M THE FINANCE DIRECTOR. AND I'LL BE WALKING YOU THROUGH THESE SLIDES. SO THE BUDGET PROCESS STARTS OUT WITH THE MOST IMPORTANT DOCUMENT, WHICH IS THE TOWN'S TOWN COUNCIL'S STRATEGIC BUDGETING PRIORITIES. SO WHEN THE DIRECTORS GO BACK AND ARE BUILDING THEIR BUDGETS, THEY HAVE THESE PRIORITIES IN MIND AS THEY'RE BUILDING THE BUDGET. SO A BIT OF A TIMELINE. HOW WE GOT HERE, WHERE WE'RE GOING. THIS PROCESS STARTED WAY BACK IN FEBRUARY WITH WHEN STAFF MET WITH COUNCIL AND GAVE THEM KIND OF A PRELIMINARY LOOK OF FIRST LOOK OF THIS IS HOW MUCH WE THINK WE'RE GOING TO GET IN REVENUES. AND THIS IS WHERE WE THINK THE EXPENSES ARE GOING TO BE. AND THEN DURING THE SPRING AND THE SUMMER, THE STAFF BUILT THE BUDGET AND SUBCOMMITTEES MET ON VARIOUS TOPICS. THE FINANCE COMMITTEE MET. THE CIP COMMITTEE MET TO FURTHER BUILD THIS, THIS BUDGET. ON JULY 25TH, WE RECEIVED THE CERTIFIED ROLLS FROM THE APPRAISAL DISTRICTS. AND THEN ON THE 30TH, WE HAD A BUDGET WORKSHOP WITH COUNCIL, THAT WAS KIND OF CLOSER TO WHAT IS IN THE PROPOSED, THEN ON AUGUST 13TH, STAFF PRESENTED TO COUNCIL AT A COUNCIL MEETING WHERE COUNCIL SET THE PUBLIC HEARING DATE AND THE DATE OF THE VOTE. AND THEN TONIGHT, AUGUST 29TH, IS THE BUDGET TOWN HALL MEETING. AND THEN SEPTEMBER 10TH IS WHEN THE PUBLIC HEARINGS WILL TAKE PLACE. AND THEN THE FINAL VOTE ON BOTH THE TAX RATE AND THE BUDGET. SO JUST A VERY HIGH LEVEL LOOK AT THIS YEAR'S BUDGET. OPERATING EXPENSES IN TOTAL ARE JUST OVER 100 MILLION, MOST OF THAT COMES FROM THE GENERAL FUND. YOU KNOW, OVER 50% OF THAT COMES FROM THE GENERAL FUND, TWO FUNDS THAT WE HAVE, TWO SPECIAL REVENUE FUNDS THAT WE HAVE THAT ACTUALLY PROVIDE SOME RELIEF TO THE GENERAL FUND. ARE THE CRIME CONTROL AND PREVENTION SPECIAL PURPOSE DISTRICT, AND THE FIRE CONTROL AND EMERGENCY MEDICAL SERVICE SPECIAL PURPOSE DISTRICT. THESE FUNDS PROVIDE POLICE OFFICERS AND FIREFIGHTERS THAT WOULD OTHERWISE NEED TO BE PICKED UP BY THE GENERAL FUND. AND THEN LAST ON HERE WE HAVE THE ENTERPRISE FUNDS LISTED. THESE ARE SELF-SUPPORTING FUNDS. SO THESE FUNDS DON'T RECEIVE ANY TAXES WHATSOEVER. THEY PAY FOR THEMSELVES COMPLETELY, WE ALSO HAVE LISTED ON HERE THE DEBT SERVICE AMOUNT. SO THIS IS THE PROPERTY TAXES THAT WERE NEEDED TO BE LEVIED TO COVER THE DEBT SERVICE AMOUNT. AND THEN LASTLY, WE HAVE THE CAPITAL PROJECTS THAT ARE ASKED FOR IN THIS BUDGET, WHICH ARE JUST NORTH OF 51 MILLION. SO PROJECTING OUT THE REVENUES FOR THE GENERAL FUND, THERE'S AN OVERALL INCREASE OF ABOUT 7%, NOW, MOST OF THE REVENUE FOR THE GENERAL FUND COMES FROM PROPERTY TAXES AND SALES TAX. AND THE SALES TAX WE HAVE GROWING ROUGHLY AROUND ABOUT 10%. SO NOW I'M GOING TO TURN OUR ATTENTION TO STAFFING. SO THERE ARE 19 FTE THAT WERE REQUESTED, IN THE GENERAL FUND ALONE. AND ON THIS SLIDE YOU CAN SEE WHAT THOSE WERE. FOR OTHER FUNDS, WATER AND SEWER FUND. WE ASKED FOR AN ENTIRE CREW. WITH THE INCREASE IN WORK THAT IS REQUIRED OVER THERE. WE'RE ASKING FOR ANOTHER CREW, AND THEN FOR STORMWATER DRAINAGE FUND. THERE IS A CREW LEADER. CURRENTLY, THERE'S A CREW THAT'S RUN BY A STREET CREW LEADER. AND SO WE'RE JUST ADDING A CREW LEADER TO, THERE'S TWO CREWS THAT ARE RUN BY ONE CREW LEADER IN STREETS. WE'RE ADDING THE CREW LEADER FOR THE SECOND ONE, SO ALL TOLD, THAT WAS ABOUT 23 FTE, WHICH IS DOWN FROM LAST YEAR. OVER 30 FTE. SO ALSO INCLUDED IN THIS BUDGET IS, 
          [00:05:09]
MARKET STUDIES OR MONEY TO ADDRESS MARKET PAY. SO WHAT WAS DONE FOR THIS MARKET STUDY WAS TAKING THE AVERAGE OF THE MINIMUM. AND THE MAXIMUM, FINDING THAT MIDPOINT AND COMPARING PROSPER'S AMOUNTS TO THAT FOR PUBLIC SAFETY POSITIONS. WE ADDED A PREMIUM ON THAT OF 1.75. BUT FOR ALL NON PUBLIC SAFETY POSITIONS IT WAS DONE ON A POSITION BY POSITION BASIS. AND IF ADJUSTMENT WAS WARRANTED WE DID MAKE THAT ADJUSTMENT. SOME OF THE MAJOR ENHANCEMENTS THAT WE HAVE DONE IN THE GENERAL FUND. SO THERE IS MONEY IN THERE FOR A COMPREHENSIVE COMPENSATION BENEFIT STUDY AT 65,000, FOR ENHANCEMENTS IN IT SECURITY. WE HAVE ROUGHLY 274,000, WE'VE ADDED SOME FOR THE STRATIFIED POLICING ACCOUNTABILITY MODEL, WE ACTUALLY HAVE SOME GRANT FUNDING TO EXPAND OUR FLOCK PROGRAM. AND SO THAT REPRESENTS THE TOTAL EXPENSE OF THAT FLOCK PROGRAM. HOWEVER, SOME OF THAT WILL BE REIMBURSED, AND THEN THERE LIKEWISE THERE WAS SOME, SOME SAFETY EQUIPMENT FOR OFFICERS THAT DID RECEIVE SOME GRANT FUNDING. AND THAT AGAIN, IS THE TOTAL AMOUNT, WE ARE PLANNING A FOUR YEAR, REPLACEMENT OF OUR RADIOS AS THOSE COME TO END OF LIFE, WE ARE REPLACING THOSE. AND THEN, ONE THING WE'RE TRYING NEW THIS YEAR. IT'S KIND OF A TEST PROGRAM IS WE'RE DOING ONLINE PARAMEDIC SCHOOL FOR OUR FIREFIGHTERS. SO ORDINARILY YOU HAVE TO SEND THOSE FIREFIGHTERS OFF TO TRAINING AND THEN BACKFILL THOSE POSITIONS, WHICH DOES INCREASE YOUR OVERTIME AMOUNT. AND SO WHAT WE'RE DOING IS A PILOT PROGRAM OF THIS ONLINE PARAMEDIC SCHOOL, ALLOWING THOSE FIREFIGHTERS TO STAY ON DUTY IN THE STATION, RECEIVE THEIR TRAINING, PAUSE THE TRAINING IF THEY HAVE TO RESPOND TO A CALL, AND THEN COME BACK TO TRAINING. SO WE FEEL THAT THIS SHOULD PROVIDE SOME SAVINGS WHEN IT COMES TO OVERTIME, FOR STREETS, WE HAVE SOME REPAIRS AND SOME MARKINGS THAT NEED TO BE, BROUGHT UP TO CODE. AND SO THERE'S SOME MONEY IN THERE FOR THAT. SOME MISCELLANEOUS BUILDING REPAIRS. AND SO THERE'S IN PARKS AND RECREATION, WE HAVE A LITTLE INCREASE, FOR THE COMMUNITY EVENTS. AND THEN, WE HAVE A LARGE AMOUNT FOR NEW PARKS AND MEDIAN MAINTENANCE. SO IN THE NEXT FISCAL YEAR, WE'RE GOING TO INCREASE OUR MAINTAIN PARKLAND BY 26% BY ADDING BOTH RAYMOND AND LAKEWOOD PARKS. AND SO WE PUT SOME MONEY IN THERE SO THAT THE MAINTAINED ACREAGE CAN STAY UP TO STANDARD. SO LOOKING AT SOME OF THE OTHER FUNDS FOR OUR UTILITY FUNDS. SO WE ARE A DISTRIBUTION AND COLLECTION UTILITY, MEANING WE DO NOT MAKE ANY OF THIS WATER. WE BUY THE WATER FROM SOMEONE ELSE. WE HAVE TO US OUR COST, OUR WHOLESALE COST OF WATER IS PROJECTED TO INCREASE ABOUT 13.8%. SO I'M GOING TO SKIP A COUPLE OF LINES DOWN THERE, YOU CAN SEE THAT THE BLENDED RATE OF 8.77 IS DIVIDED BETWEEN 6.3 ON WATER AND 16 ON WASTEWATER. SO YOU CAN SEE OUR INCREASES OR OUR COST IS INCREASING. 13.8%, BUT WE'RE ONLY PASSING ON THE 6.3% OF THAT COST INCREASE, SO FOR THE WASTEWATER SIDE, WE ARE INVESTING IN INFRASTRUCTURE. IT'S A SIGNIFICANT INVESTMENT. 
          WE ARE NOT GOING IT ALONE. WE ARE TEAMING UP WITH THE CITY OF SALINA AND ALSO UPPER TRINITY TO PUT IN A WASTEWATER TREATMENT PLANT, AND THAT'S A SIGNIFICANT COST. AND THUS THE RATE ON THE WASTEWATER SIDE, IS INCREASING AT A HIGHER PACE. THIS WILL BE THE FIRST RATE INCREASE THAT WE'VE HAD ON THE WATER SIDE FOR 20 YEARS OR FOR FOUR YEARS. THE LAST ONE BEING IN 2020. IN 2023, WE CREATED A SOLID WASTE FUND THAT IS SELF-SUPPORTING AS WELL, AND THAT'S THROUGH THE RATES. TO RESIDENTIAL CUSTOMERS. FOR STORMWATER DRAINAGE, WE ARE NOT ANTICIPATING ANY RATE INCREASES. 
          [00:10:12]
SO WHEN WE START TALKING ABOUT RATE INCREASES, WE WANT TO LOOK AT OUR COMPARISON. SO ON THIS SLIDE, WHAT YOU CAN SEE, IS AT PROSPER'S AVERAGE USAGE, HOW MUCH YOU WOULD PAY IN THESE OTHER ENTITIES OR IN THESE OTHER MUNICIPALITIES. AND YOU CAN SEE PROSPER IS TOWARDS THE BOTTOM. 
          AND EVEN WITH THE RATE INCREASE, YOU SEE THAT WE ONLY OVERTAKE ONE OTHER CITY, BUT WE DO ANTICIPATE BECAUSE A LOT OF THESE CITIES BUY WATER FROM THE EXACT SAME SUPPLIER. WE DO, THAT THEY'LL BE ANTICIPATING RATE INCREASES AS WELL. SO OUR RELATIVE POSITION IS EXPECTED TO STAY THE SAME. NOW TURNING OUR ATTENTION OVER TO THE DEBT SERVICE FUND. SO COUNCIL AUTHORIZED SERIES 2024 FOR ROUGHLY $36 MILLION. IN THE UPCOMING YEAR, WE ARE ACTUALLY PLANNING TO REDEEM. SO REDEEMING IS JUST PAYING OFF SOME DEBT. THE SAVINGS WERE, GOING TO GET FROM THAT OR ANTICIPATING FROM THAT IS ROUGHLY $140,000, SO LOOKING TO THE FUTURE, WE'RE ANTICIPATING THE NEED TO HAVE MORE BOND DOLLARS AUTHORIZED, AND SO, BASED ON THE CALCULATIONS AND THE CONSERVATIVE ASSUMPTIONS, WE HAVE, WE ANTICIPATE THAT THE BOND ELECTION COULD AUTHORIZE UP TO 152 MILLION WITHOUT A TAX RATE INCREASE. IN THE NEXT YEAR. 
          WE DO HAVE OUR TAX RATE OR DEBT SERVICE RATE INCREASING JUST A LITTLE BIT, SO WE DO HAVE SOME INTERNAL POLICIES THAT CONTROL HOW MUCH OR GOVERN HOW MUCH THIS CAN INCREASE OUR DEBT SERVICE RATE IS ONLY ALLOWED BY POLICY TO BE UP TO 40% OF OUR TAX RATE AT THE PROPOSED RATE, IT'S AT 36%. SO AT THE END OF NEXT FISCAL YEAR, WHEN YOU RUN ALL THESE PAYMENTS AND NEW DEBT ADDED THROUGH, WE ANTICIPATE BEING RIGHT AT 228 MILLION, OF OUTSTANDING DEBT SERVICE, THERE IS ANOTHER POLICY THAT GUIDES, HOW MUCH WE CAN HAVE IN TOTAL DEBT AS A PERCENTAGE OF TAXABLE ASSESSED VALUE. SO DOING THAT CALCULATION WITH THE BUILD NUMBER, WE ANTICIPATE BEING AT ABOUT 2.4%. OUR POLICY STATES THAT WE HAVE TO BE BELOW 4%. AND SO WE'RE WELL WITHIN POLICY ON THAT. AND SO WHAT THAT MEANS TO THE AVERAGE CITIZEN, EACH CITIZEN WOULD BE, ON THE LINE ESSENTIALLY FOR $5,366 TO BE PAID OUT OVER THE NEXT 20 YEARS. SO THIS IS A SLIDE OF THE MODEL THAT WE USE TO CALCULATE ESSENTIALLY HOW MUCH WE COULD AFFORD WITHOUT A TAX RATE INCREASE, AND THE, THE ASSUMPTIONS THAT WE USED ON THE GROWTH AND VALUATION ARE VERY CONSERVATIVE. WE DO EXPECT THE ACTUAL GROWTH TO OUTPACE WHAT WE'VE USED AS ASSUMPTIONS IN THIS MODEL. SO LOOKING AT OUR GOVERNMENTAL CAPITAL PROJECTS, ADDED OR IN THIS BUDGET CYCLE, WE HAVE ABOUT 36 MILLION IN STREETS, 6.6 FOR VARIOUS PARKS PROJECTS. 5.3 FOR FACILITY PROJECTS. 2 MILLION FOR PUBLIC SAFETY. THEN 1.5 MILLION THAT WE'RE MEETING WITH, A SUBCOMMITTEE TO GET AN ACTUAL NAME ON, AND THEN THAT TOTALS ABOUT THAT $51 MILLION THAT WE'RE ASKING FOR IN GOVERNMENTAL PROJECTS, SO THE DEBT ISSUANCE OF THE COUNCIL AUTHORIZED, WAS THAT $36.5 MILLION? AND ON THIS SLIDE, YOU CAN SEE THE PROJECTS THAT THAT WERE THAT DEBT WAS ISSUED FOR. SO WHEN PARKS AND RECREATION, RAYMOND COMMUNITY PARK, THIS IS ACTUALLY THE SECOND ISSUE. FOR PHASE ONE, WE ISSUED APPROXIMATELY $9 MILLION LAST YEAR. AND THIS YEAR, WE'RE ISSUING ALMOST $11 MILLION, FOR PUBLIC SAFETY PROJECTS, WE HAVE FIRE STATION FOUR THAT WE'RE 
          [00:15:06]
ISSUING ROUGHLY $10.2 MILLION FOR. AND THEN VARIOUS STREETS AND TRANSPORTATION PROJECTS THAT WE'RE ISSUING, ALL TOTALING DOWN TO THAT $36.4 MILLION. SO, PROSPER DOES SOMETHING VERY UNIQUE THAT I'VE NOT SEEN IN ANY OTHER ENTITY. WE HAVE A PORTION OF OUR TAX RATE THAT IS DEDICATED TO CAPITAL, TO PAY AS YOU GO FUNDING FOR CAPITAL PROJECTS AND SO WE WE'VE TAKEN THAT AMOUNT AND GIVEN A NAME TO THOSE DOLLARS. AND SO YOU CAN SEE ON THE SLIDE THERE. THERE'S SOME FUNDING FOR A PARKS AND PUBLIC WORKS FACILITY, THIS IS JUST PHASE ONE DESIGN AND A LITTLE BIT OF SITE WORK FOR THAT PROJECT, WE HAVE SOME ADDITIONAL FUNDING THAT'S GOING TO BE CASH FUNDED FOR FIRE STATION FOUR, AND THEN WE HAVE SOME SMALLER TRAFFIC PROJECTS THAT WILL BE ACCOMPLISHED. AND THIS TOTAL IS ABOUT $9.6 MILLION. SO I WANTED TO GIVE YOU A FRAME OF REFERENCE FOR THE NEXT COUPLE OF SLIDES THAT ARE GOING TO BE TALKING ABOUT, AND I NEEDED TO KIND OF GO THROUGH HOW OUR HISTORICAL PROPERTY VALUES HAVE GROWN, AND SO YOU CAN SEE YOU KNOW, LAST YEAR, THE 23, 24, WE GREW 26%. THIS YEAR WE'RE GROWING OVER 15%, BUT IN THE NEW PROPERTY COLUMN, YOU CAN SEE A LARGE PORTION OF THAT GROWTH IS COMING FROM NEW PROPERTY THAT'S ADDED TO THE RULE. AND UNDER THE REAPPRAISAL GROWTH, YOU CAN SEE THAT ONLY ABOUT A THIRD OF OUR GROWTH COMES FROM REAPPRAISAL. NOW, ONE OF THE THINGS THE COUNCIL ADOPTED WAS AN INCREASE INTO THE HOMESTEAD EXEMPTION RATES. NOW, HAD THEY NOT HAD DONE THAT, THAT AMOUNT FROM REAPPRAISAL GROWTH WOULD HAVE BEEN A LOT LARGER, PROBABLY ABOUT $250 MILLION LARGER. SO LOOKING AT THE NO NEW REVENUE TAX RATE, SO I WANTED TO DEFINE THAT FIRST. SO YOU KNEW WHAT WE WERE LOOKING AT WHEN WE ACTUALLY LOOKED AT THE RATES THAT WERE CALCULATED. THE NO NEW REVENUE RATE IS SIMPLY THE RATE AT WHICH THE TOWN OF PROSPERO WOULD LEVY THE SAME AMOUNT OF MONEY AS WE DID IN THE PREVIOUS YEAR, WITH SOME EXCLUSIONS. SO THEY'RE GOING TO EXCLUDE NEW PROPERTIES AND SOME OTHER THINGS. SO IT'S JUST THAT LIKE PROPERTY YEAR OVER YEAR. MAKING SURE THAT WE LEVY THE SAME AMOUNT OF, OF REVENUE AND THEN THE VOTER APPROVAL TAX RATE, IT'S APTLY NAMED BECAUSE THE TOWN OF PROSPER CANNOT ADOPT A RATE HIGHER THAN THE VOTER APPROVAL TAX RATE WITHOUT A VOTE OF THE PUBLIC, WHAT THIS DOES IS IT ALLOWS 3.5% GROWTH ON YOUR SITE OR YOUR OPERATIONS SIDE, AND JUST CALCULATES WHAT YOU NEED TO COVER THE DEBT SERVICE IN THE COMING YEAR, SO LOOKING AT THOSE RATES FOR THE CURRENT YEARS, THAT MIDDLE COLUMN YOU CAN SEE IT'S 46.7 ROUGHLY CENTS ON OUR NO NEW REVENUE RATE, AND THEN FOR VOTER APPROVAL RATE THAT IS ACTUALLY OVER $0.52. FOR DEBT RATES CALCULATED AT A LITTLE BIT OVER $0.18. BUT WHAT COUNCIL HAS DONE AND WHAT THEY DID ON ON AUGUST 13TH IS THEY SAID, WE UNDERSTAND THAT WE CAN GO UP TO THAT $0.52, BUT WE WILL NOT CONSIDER A RATE THAT'S OVER 50.5 CENTS. AND SO COUNCIL HAS LIMITED THEM, LIMITED THE TAX RATE GROWTH TO JUST 50.5 CENTS. SO JUST FOR A FRAME OF REFERENCE YOU CAN SEE THIS IS THE HISTORICAL RATE THAT HAS BEEN ADOPTED EACH YEAR. AND THEN IN GREEN IS THE PROPOSED RATE. YOU CAN SEE THERE WAS A TAX RATE REDUCTION IN, FISCAL YEAR 22. 
          AND THEN OF $0.01 AND THEN A HALF CENT IS BEING PROPOSED IN THIS UPCOMING BUDGET. SO WHEN YOU'RE TALKING ABOUT SETTING TAX RATES, IT'S A GOOD, GOOD PRACTICE TO COMPARE OR BENCHMARK YOURSELF TO OTHER ENTITIES, AND SO ON. THE SLIDE IN FRONT OF YOU, WE HAVE THE COMPARISON CITIES AS DESIGNATED BY COUNCIL. AND THEN THE AVERAGES OF THAT. SO THAT FIRST OR THE SECOND 
          [00:20:07]
COLUMN, THAT HOMESTEAD EXEMPTION RATE, SO FOR YOUR REFERENCE, WE HAVE PROSPER'S RATE IN THE CURRENT YEAR AS COMPARED TO WHAT WE'RE PROPOSING IN THE NEW YEAR FOR THE NEW YEAR. COUNCIL HAS ALREADY ADOPTED THAT 17.5% HOMESTEAD EXEMPTION. AND SO THAT HAS INCREASED BY 2.5% FROM THE 15% THAT IT WAS IN THE CURRENT YEAR TO 17.5%, I TOLD YOU EARLIER THAT PROSPER DOES SOMETHING VERY UNIQUE IN THAT CAPITAL DEDICATED AMOUNT. AND SO FOR MOST ENTITIES, THE NO SIDE OF THEIR TAX RATE, IT ALL GOES TO THEIR GENERAL FUND. BUT PROSPER HAS DONE IS DECIDED TO INVEST IN INFRASTRUCTURE ON A PAY AS YOU GO BASIS. AND SO A PORTION OF THAT RATE IS ACTUALLY IN CAPITAL DEDICATED. AND SO IF WE'RE COMPARING APPLES TO APPLES AND SAYING, YOU KNOW, WHAT GOES TO OUR GENERAL FUND AS COMPARED TO OUR COMPARISON CITIES, YOU CAN SEE THE AVERAGE OF OUR COMPARISON CITIES ARE AROUND 32. YEAH, $0.32. WHERE PROSPER. WHAT WE'RE PROPOSING TO GO TO IS, IS JUST OVER $0.22. SO $0.10 OF THAT GOING AS CAPITAL DEDICATED. AND THEN ON THE INS SIDE, THE CALCULATED RATE THAT WE HAVE FOR A TOTAL TAX RATE, WHICH THOSE JUST ADD UP ACROSS. SO THE HOMESTEAD EXEMPTION RATE FOR THOSE HOMEOWNERS PLAYS INTO WHAT THEY ACTUALLY PAY IN TAXES. AND SO, WHAT WE DID WAS A CALCULATION TO GET TO WHAT THE EQUIVALENCY OR THE EQUIVALENT RATE WOULD BE IF THERE WERE NO HOMESTEAD EXEMPTION. AND SO FOR THOSE HOMEOWNERS THAT HAVE HOMESTEAD EXEMPTIONS, YOU CAN SEE THE COMPARISON OF OUR, EQUIVALENT TAX RATE FOR HOMESTEAD OF IN THE PROPOSED 41.7 ROUGHLY CENTS. AND HOW THAT COMPARES TO OUR COMPARISON CITIES, IT AN ALMOST $0.41. AND THEN LASTLY, WHAT I DID WANT TO POINT OUT IS, PROSPER THE TOWN OF PROSPER IS NOT THE ONLY ONE, ON YOUR BILL WHEN YOU'RE PAYING YOUR PROPERTY TAXES. ALSO INCLUDED IN THERE, FOR OUR COLLIN COUNTY RESIDENTS WOULD BE PROSPER ISD, THE COLLIN COUNTY AND COLLIN COLLEGE, AND FOR OUR DENTON COUNTY RESIDENTS, IT WOULD BE PROSPER ISD. THE TOWN OF PROSPER, AND DENTON COUNTY. NOW THAT DOESN'T INCLUDE EVERY SINGLE COMBINATION OF DIFFERENT TAXING ENTITIES. THESE ARE THE MOST TWO MOST COMMON, BUT YOU CAN SEE WHEN YOU'RE PAYING YOUR TAX BILL, ROUGHLY $0.26 OF EVERY DOLLAR THAT YOU'RE PAYING ARE ACTUALLY GOING TO THE TOWN, THAT IS ALL I HAVE IN THIS PRESENTATION, WE HAPPEN TO HAVE NO MEMBERS IN THE AUDIENCE. I WAS GOING TO TAKE QUESTIONS AT THIS POINT. BUT THANK YOU FOR THAT QUESTION. SO. MAYOR, JUST GIVING HIM A HARD TIME. TEST. TEST QUESTIONS. IS IT NOW? NO. IT'S NOT IN THE LIVESTREAM. IT'S GOING THROUGH THE LIVE STREAM. ALL RIGHT. THANK YOU. CHRIS. THANK YOU FOR THAT IN-DEPTH, CONCISE BRIEFING ON OUR BUDGET. HOPEFULLY THIS ANSWERS ALL OF THE QUESTIONS THAT OUR RESIDENTS MAY HAVE. AND IT'S OUT THERE FOR A RECORD FOR EVERYBODY FOR THE FUTURE. SO THANK YOU. ALL RIGHT. 
          ALL RIGHT. THANK YOU.
* This transcript was compiled from uncorrected Closed Captioning.