The Plano City Council approves the 2018-2019 Budget and new tax rate.
On Monday evening, September 10, Plano City Council adopted a new property tax rate and approved the city’s operating budget and Community Investment Program. The new property tax rate of of $0.4603 per $100 valuation, a 1.8% rate reduction from last year’s rate, is expected to raise nearly $13.6 million in new tax revenues and resulted in a nearly $3 million decrease in the overall budget. The operating budget and Community Investment Program include $195 million in city capital projects for FY 2018-19. The budget and tax rate each passed by votes of 5-3 and the Community Investment program passed 7-1.
to view the budget. Below are the record votes for each council member on the budget and tax rate.