Government
Commission tables redevelopment A proposed mixed-use development within Plano’s Legacy Business Park was tabled until the Oct. 21 planning and zoning commission meeting. The overview Capital Commercial Investments, the site’s developer, pitched building open space and a mix of residential and com- mercial uses around the existing JCPenney headquarters.
Plano staff outline plan to update financial policies
As Plano receives less revenue tied to growth, Deputy City Manager Shelli Siemer said city staff will review the city’s financial policies over the next year. The approach Staff will spend the next several months focusing on four areas before discussing ways to implement changes next year, she told Plano City Council during a Sept. 9 preliminary open meeting. “We’re going to get to work in small focus groups to redevelop and redefine [the policies],” Siemer said. Discussions will center around four main fiscal policy areas: city financial policies, a long-range financial model, analytics and accountability, and budgeting process changes, officials said. What’s next? Siemer said city staff will discuss ways to
Establishing a minimum reserve balance for city funds
Reviewing parameters for depreciation of capital assets, such as city vehicles
Creating an analytic dashboard to better understand the budget
Using cost recovery guidelines for city services
SOURCE: CITY OF PLANO/COMMUNITY IMPACT
Area for Proposed Mixed-Use Development
implement the updated policies between January 2025 and June 2025, ahead of adopting the 2025-26 fiscal year budget. Council action may be required to implement some of the recommendations brought forward by staff, she added.
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