Government
Plano’s $758M budget includes flat property tax rate
City Council approves development plans Plano City Council approved the 2024 operations and maintenance plan, assessing select properties downtown to collect funds that will help cover the cost of improve- ments in the district. Property owners within the public improvement district contribute $0.15 per square foot of real property improvements, according to city documents. This year, the total levy will be around $76,320.
The $758 million budget for 2024-25 was adopted by Plano City Council at the Sept. 9 meeting. In a nutshell The $758 million budget is a 4% increase com- pared to the nearly $732.8 million budget adopted for FY 2023-24, according to city documents. Along with the budget, council members approved a property tax rate of $0.4176 per $100 of assessed value, which is the same as the 2023-24 budget’s property tax rate. The maintenance and operations portion of the rate—which is used to cover operating expenses—would be $0.3026 per $100 of assessed value and the debt service rate— which is used to repay debt—would be $0.1150 per $100 of assessed value. Because of increases to the appraised value of properties, the average homeowner would pay $1,744 in FY 2024-25, an 11.94% increase compared to $1,558 for FY 2023-24.
Tax rate history
Maintenance and operations rate
Interest and sinking rate
Fiscal year
$0.333 $0.3372 $0.3372
$0.1135 $0.111 $0.111
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$0.3026 $0.3026 $0.3026
$0.115 $0.115 $0.115
Downtown Plano public improvement district
CITY OF PLANO/COMMUNITY IMPACT
Looking ahead The adopted budget is for FY 2024-25, which begins Oct. 1. The proposed increases to the water and waste- water rates will also take effect Oct. 1.
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Developer plans to add single-family homes to The Shops at Willow Bend Dallas-based real estate developer Centennial plans to update its redevelopment plan for The Shops at Willow Bend, according to a filing with the city of Plano. CHAPEL HILL BLVD. Shops at Willow Bend
rezoning requests for a property, Development Review Manager Michael Bell said. What you need to know Officials added that changes include the addi- tion of single-family residences to Centennial’s redevelopment plan. Plano City Council approved a rezoning request to allow for the redevelopment of the site in February.
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The planning and zoning commission granted a waiver to allow a rezoning request for the planned development district that includes The Shops at Willow Bend at the Sept. 3 meeting. Usually, there is a two-year waiting period for subsequent
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