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Plano officials present five-year forecast warning revenue gap unless tax policy changes
Summary
Plano budget staff and consultants told the City Council that, under current assumptions, expenditures growing about 3.2% annually outpace projected revenue growth of roughly 2.4%, creating pressure on reserves by 2031 unless the city adjusts policy, uses contingent sales tax, or voters approve higher rates.
Plano budget officials and outside consultants presented a five‑year financial forecast to the City Council that, under the city’s current assumptions, risks eroding working capital by the end of the decade.
Karen Rhodes Whitley, the city’s budget director, introduced the forecast kickoff and said the presentation marks the start of the FY26–27 budget process. Consultants from NewGen, including Matthew Garrett and Steve Du, walked the council through expenditure and revenue assumptions. "General fund expenditures ... will grow at approximately 3.2% per annum," Garrett said, noting the city’s total appropriations rise from roughly $430 million in 2026 toward just over $500 million by 2031.
Big drivers baked into the model include changes to fire shift staffing (about $21 million in additional expense by…
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