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Plano ISD board adopts 2025–26 tax rate set at $1.03955 per $100 valuation
Summary
The Plano ISD board unanimously approved a $1.03955 per $100 tax rate for 2025–26 — described by district staff as effectively a 2.94% increase over the no‑new‑revenue rate — after the CFO reviewed certified values and state law impacts.
Plano Independent School District trustees unanimously approved a 2025–26 tax rate of $1.03955 per $100 valuation at their Aug. 19 meeting.
Courtney Reif, the district chief financial officer, described the vote as “our final step in our 2025–26 budget and tax rate process,” and explained that recent state legislation (Senate Bill 4) and certified property values factored into the calculations. Reif told the board the proposed rate breaks down to a maintenance and operations (M&O) rate of 0.80220 and an interest and sinking (I&S) rate of 0.23735 per $100 valuation.
Trustee Catherine Goodwin offered an amended motion that explicitly compared the proposed voter‑approval tax rate to the no‑new‑revenue tax rate as required by state statute; the motion was seconded and carried. President Lauren Tyra announced the vote as unanimous.
District staff told trustees the district’s total taxable value was affected by the higher homestead exemption referenced in recent legislation; Reif said that, after accounting for that change, certified taxable value for the district showed a net decrease relative to the prior tax year. The board’s action sets the levy for tax year 2025 and authorizes staff to post required documentation.
The board did not receive any recorded dissent on the final motion. The tax‑rate resolution was read into the record by Board Secretary Tara Lance before the vote.
