Trophy Club residents can expect to save some money on their tax bills in the new fiscal year. And the lighter load shouldn’t come at the expense of services and capital improvement projects, town officials said.The Town Council on Sept. 23 approved a $14.64 million budget for fiscal 2013-14 that is based on a property tax rate of 49.93 cents per $100 of assessed valuation. It’s a tax rate decrease of nearly two cents compared with fiscal 2012-13. The new budget took effect Oct. 1.“One of Council’s goals for this budget was to focus on cost savings in order to get the tax rate below 50 cents,” Mayor Connie White said. “I am thrilled with the budget and very pleased that town staff found ways to keep money in residents’ pocket books.”Strong development growth – primarily from new residential and commercial construction – has resulted in a value increase of more than 12 percent compared to the just-completed 2012-13 fiscal year. The town is projecting to bring in revenues that exceed expenditures by nearly $83,000. Town officials credit innovative and cost-savings approaches for the strong financial position of the town. “The adopted budget for fiscal year 2014 not only includes increased service and program delivery at a lower tax rate, but also includes implementation of several capital improvement projects,” said Steven Glickman, Trophy Club’s director of finance. “Town Council, management and staff have done a great job building the budget.”Some highlights of the 2013-14 budget include a 2 percent cost-of-living adjustment for all employees, a competitive market salary adjustment for police patrol officers, implementation of three projects in the first phase of the stormwater master plan and continued road improvements on Indian Creek Road, Meadowbrook Drive and other streets.The new budget also features full or partial funding of several new positions: a full-time animal control officer, a position that had previously been part-time; an additional parks maintenance employee; the addition of a planner for the planning and zoning department; a part-time accountant/bookkeeper for the finance department and 50 percent funding of a full-time firefighter and full-time marketing/economic development analyst.