In 2021 I voted for the largest tax cut, and lowest property tax rate in Flower Mound's history. I am committed to meeting or exceeding the No-New-Revenue Rate (what we used to call the effective rate) every year.
For too many years the Town Council has raised taxes by failing to reduce the tax rate in response to rising appraisals. Your taxes should not go up year-after-year simply because the paper value of your home is increasing. Nothing is more important than predictable housing costs for residents, and commercial property owners deserve relief too.
How did we cut taxes by 7% in 2021? Simple: debt reduction and debt avoidance. It is the result of a multi-year strategy to avoid issuing new tax-supported debt, to refinance existing bonds at lower rates, and to leverage federal stimulus funds to finance capital projects.
Rising appraisals do not have to mean your taxes will increase. Good governance and wise financial stewardship will result in a stable tax burden for our residents. We must continue these best practices and as a Councilmember, I pledge to do so.
There is abundant opportunity for additional tax reduction, without cutting vital services. The Maintenance & Operations portion of the tax rate has continued to increase, but should it?
As the town grows, we must take advantage of economies of scale and seek to become more efficient. Our new Town Manager will be expected to run a lean operation and drive efficiency. I will ensure he does so.
Fiscal responsibility does not mean cuts to public safety, staff compensation, or vital services that we all enjoy. Public safety is always my top priority in budgeting, followed by compensation that allow the Town to recruit and retain the best talent. An exceptional workforce creates efficiency and reduces overall cost.
The essence of good management is running a cost-effective operation that delivers exceptional levels of service.