Plano ISD authorizes public notice for June budget hearing; preliminary budget shows $32.3M deficit

The Plano ISD Board of Trustees authorized publication of the required notice of a public meeting to discuss the district’s proposed budget and tax rate after a presentation by CFO Courtney Reeves on May 20.

Reeves explained statutory timing and content requirements for the advertisement and said the district intends to publish within the statutory window so the budget hearing can occur June 24. She reported the district’s certified estimate of taxable values rose about 2.81%, from roughly $78.15 billion to $80.34 billion, producing a modest projected decrease in the total tax rate from 1.04245 to 1.03965 due to M&O compression under state law.

On the revenue and expenditure side, Reeves outlined changes since April: projected local tax revenue increases of about $20.7 million, a $1.9 million transfer in tied to proceeds from sale of retired campuses, and state aid adjustments tied to homestead exemption calculations. On expenditures, the draft budget includes $11.1 million to support a 3% across‑the‑board raise, roughly $10.2 million for staffing/strategic pay adjustments, and $9.7 million higher recapture payments; overall preliminary totals were $685.1 million in revenue and $717.4 million in expenditures, yielding a $32.3 million shortfall.

Reeves emphasized the figures reflect current law and that pending legislation in Austin could change state aid and the district’s final numbers. Trustees asked clarifying questions about tax rate compression, recapture trends and the district’s plan for final adoption; the board authorized the advertisement of the notice by unanimous vote, 7–0.

The district’s budget adoption timeline remains: public hearing June 24, certified values expected July 5, and tax rate adoption planned for August.