Education
BY MICHAEL CROUCHLEY & ADAM DOE
PISD sets public hearing on budget, tax rate Plano ISD is set to hold a public hearing on its proposed tax rate and budget for the 2025-26 school year June 24, according to an update from district Chief Financial Officer Courtney Reeves. What you need to know The district is anticipating a $32 million budget deficit in the 2025-26 school year, Reeves told PISD’s board of trustees during its May 20 meeting. PISD was previously projected to see a 4% growth in property values, but is now expecting a 2.8% increase, according to the presentation. PISD adopted a budget projecting a $35 million deficit for 2024-25, and will actually end the fiscal year with a $10 million shortfall, according to district documents. Reeves noted that the current budget projec- tions could still be impacted by pending state legislation.
Projections for the FY 2025-26 budget, as of May 27, include the following:
$685.08 million in revenue
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$562.25 million in expenditures
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$154.12 million for the district’s recapture payment
Clark Stadium parking lot repairs planned Plano ISD will spend roughly $5 million on repaving the John Clark Stadium parking lot to repair potholes and improve safety. In a nutshell The parking lot has received few improvements since the stadium completed construction in 1977, and there are currently several potholes scattered throughout Clark Stadium’s parking lot, assistant superinten- dent Johnny Hill said.
SOURCE: PLANO ISD/COMMUNITY IMPACT
What else The current proposed tax rate is $1.03965 per $100 of assessed value for FY 2025-26, down from $1.04245 in 2024-25. While the tax rate is decreasing, the average taxable value of a home in Plano is projected to increase from $450,000 to almost $489,000, Reeves said. What’s next The district’s board of trustees is expected to adopt the budget on June 24.
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