Plano city manager presents $928 million recommended budget; council to consider tax-rate options

City Manager Mark presented the city manager's recommended $928,000,000 budget for fiscal 2025–26 and the proposed capital investment program, saying the plan "funds organizational and community priorities that will keep Plano as the premier city in North Texas." The presentation included projected operating revenues and expenditures, proposed transfers to capital and maintenance funds, and a request that the council consider a tax-rate adjustment to keep pace with service demands and the new bond authority.

The recommendation arrives amid a multi-year financial roadmap the city accelerated last year, which produced policy changes for fund balances and cost-recovery. Karen Rhodes Whitley presented budget detail, saying, "The budget that y'all received on Monday totals $928,000,000." She told the council the recommended plan uses an assumed city tax rate of 41.76¢ and that the average market value in Plano is $591,947, an increase of 2.1 percent from the prior year; the average taxable value rose about 8.1 percent.

Why it matters: the recommended budget sets the…