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Plano council debates proposed tax‑rate ceiling; several members back using the voter‑approved ceiling to add one‑time buffers
Summary
Council members discussed the recommended FY2025–26 budget and proposed ad valorem tax rate ceiling of 44.06¢ per $100 valuation. Several members supported publishing the higher ceiling to preserve one‑time funds for rainy‑day reserves, stream‑bank work, public safety equipment and economic development.
Plano City Council held a public hearing on the fiscal year 2025–26 recommended budget and discussed the proposed ad valorem tax rate ceiling on Aug. 25. Staff presented a total recommended budget of $788 million and a Community Investment Program (CIP) of $319 million.
Budget Director Karen Reitz Whitley said the city posted a tax ceiling of 44.06¢ per $100 of assessed value as required; the rate serves as a ceiling and council may adopt a lower rate by the Sept. 8 meeting when the council will adopt the operating budget, the CIP and set the tax rate. The city’s currently…
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