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Plano council sets proposed tax rate ceiling at 44.06¢; budget hearing scheduled ahead of Sept. 8 adoption
Summary
Council voted to publish a proposed property tax ceiling of 44.06¢ — the voter-approval rate including unused increment — and staff presented top-line budget numbers and a schedule for public hearings leading to a Sept. 8 adoption vote.
Plano — The Plano City Council voted to set the proposed tax rate ceiling at 44.06 cents per $100 of assessed value on Monday, a figure the city must publish before final adoption and that represents the voter‑approval rate plus unused increment from prior years.
Karen Rhodes Whitley, budget director, told the council the recommended budget includes total citywide spending of $788 million, a general‑fund total of $412 million and a community investment program (CIP) of $319 million. The recommended tax rate included with the proposed budget was 41.76¢, Whitley said, but the certified tax roll and state calculations produce a no‑new‑revenue rate of 41.94¢ and a voter approval tax rate that, after adding available increment from past years, must be published as 44.06¢.
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