Steven Glickman, Chief Financial Officer
Addison, Texas
Addison, Texas
Learn about Addison, Texas including our News & Press Releases, Projects, and Team.
Have questions? Reach out to us directly.
Learn about Addison, Texas including our News & Press Releases, Projects, and Team.
Unique amenities, innovative developments, nationally acclaimed events, internationally recognized brands, and more restaurants per capita than any city in the U.S., Addison is the destination in North Texas for fast-paced business and world-class fun!
A great place to start a business, start your career or start a family, Addison is DFW’s ideal destination to live, work and play. Designed with entrepreneurial innovation and driven by community spirit, our unique 4.4-square mile urban enclave boasts 180+ restaurants, 22 hotels, upscale living, unique retail shops and more than 12 million square feet of office space.
Addison combines the energy, vibrancy, entertainment and commerce of a large city with small town sensibilities, creating an easy-to-use, friendly and accessible environment. Our progressive growth is engineered to support and promote your personal and professional progress.
At the May 27 meeting, the City Council approved a Resolution of Support for Phase 3 of the Cotton Belt Trail, which runs adjacent to DART's Silver Line, marking a significant step toward completing Addison’s portion of this regional trail corridor. The Cotton Belt Trail is part of the North Texas Regional Veloweb, an ambitious 2,165-mile network of shared-use paths connecting communities from Plano to Fort Worth.
Phase 3 covers the final segment in Addison, stretching from Marsh Lane to Surveyor Boulevard. If funding is secured through TxDOT’s Transportation Alternatives Set-Aside Program, construction of this phase will be fully covered with no cost to the Town. The trail will ultimately provide a continuous path linking Addison to key destinations, including DFW Airport, downtown Carrollton, the future Addison Silver Line Station, and beyond.
Thanks to strong regional collaboration with Dallas Area Rapid Transit (DART), the North Central Texas Council of Governments (NCTCOG), and Dallas County, Addison’s trail design is now fully funded. The Town will assume maintenance responsibilities once construction is complete in mid to late 2026, with a license agreement to be considered at a future Council meeting.
Addison's financial policies require the publication of a financial report 60 days after the end of each fiscal quarter. The financial and investment reports CFO Steven Glickman presented to the Council at its May 27 meeting covered the financial performance for the second quarter of Fiscal Year 2025 (January 1, 2025 - March 31, 2025). Some key highlights included:
The Second Quarter Investment Report adheres to the Town's Investment Policy as adopted by the Council and is in keeping with all State laws. You can watch the Council's quarterly update discussion here, review the presentation here, and read the Financial Report here.
At its May 6 meeting, the Addison City Council received an update on the development of a new Police and Courts facility. This presentation marked the latest step in a process that began in 2019 with a Facility Utilization and Consolidation Study conducted by LPA Architects. That study, followed by a second phase led by MPI Architects, explored space needs, site planning, and long-term options for Addison’s public safety and municipal operations.
Council and staff have been working through the results of both studies since 2020. A consensus emerged in early 2023 to focus efforts on evaluating a new facility for the Police Department and Municipal Court. That vision advanced at the 2024 Strategic Planning Retreat, where Council gave the green light for staff to begin planning and funding work. In May, the Council approved a $35 million Certificate of Obligation to support the project.
During the May 6 meeting, staff reviewed the facility’s space needs, estimated costs, and site considerations. Council also discussed the challenges of constructing a purpose-built public safety building that will serve the community’s growing needs while balancing cost, location, and operational efficiency.
Council indicated their desire to form a Bond Committee in 2025 to review proposed facility, options, and costs and provide recommendations to the Council. As part of the process, staff will present other potential projects for committee consideration. The Council will revisit this discussion in June.
Have questions? Reach out to us directly.