Plano South - August 2025

Government

BY JACQUELYN BURRER

Plano ocials consider property tax rate, water costs Plano city ocials are moving towards approv- ing the city’s upcoming budget, with a focus on maintaining the current property tax rate while responding to increasing service demands. What you need to know 2020-21 $0.3372 $0.1110 2021-22 $0.3372 $0.1110 Interest and sinking rate Maintenance and operations rate

Plano delays Oncor rate increase Plano residents may see an increase in their electricity delivery bills after Oncor Electric applied to raise rates by about 13% above current revenues. Plano City Council members voted on July 28 to suspend the eective date of the rate increase, delaying its implementation to give city ocials more time to review the changes and discuss rates. What you need to know Oncor led an application with the Public Utility Commission of Texas on June 26 to raise electricity delivery rates by $834 million system-wide, according to city documents. If approved, the change would result in an increase of $7.90 on an average monthly bill for Plano residents.

2022-23

$0.1150 $0.3026 $0.1150 $0.3026 $0.1150 $0.3026 $0.1150 $0.3026

Plano ocials are currently planning to keep the property tax rate at for the upcoming scal year, citing progress made by reducing Plano’s budget shortfall through last year’s recovery plan. However, City Manager Mark Israelson said council should still consider increasing the rate to meet growing demands. “I believe the city should consider a tax rate, which provides an increase in revenue to keep up with service demands, the new bond authority and to remain competitive for sta in the Metro- plex,” Israelson said. If council does choose to increase the tax rate, it must remain under the voter approval rate or it would require a November election,

2024-25 2025-26 2023-24

$0.1

$0.2

$0.3

$0.4

Tax rate (per $100 valuation)

Rhodes-Whitney said. What’s next?

Plano ocials have several meetings ahead of approving the budget in September, including a public hearing on tax rate on Aug. 25.

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