Plano's fiscal year 2024-25 budget of $758 million, adopted by the City Council, includes adjusted compensation for select employees and maintains the same property tax rate as the previous year. The budget reflects a 4% increase from FY 2023-24. Property tax rates remain at $0.4176 per $100 of assessed value, resulting in an average homeowner's payment of $1,744, an 11.94% increase. Proposed water and sewer rate increases are also included, with the Community Investment Program allocated $320.9 million for various infrastructure projects.
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