The largest bond in city history will go before residents at the polls May 1. The $364 million package, broken down into six propositions, is largely aimed at infrastructure improvements, Plano officials said.
More than half of the bond—$231 million—is dedicated to street improvements, including reconstruction and overlay for many aging streets as well as traffic improvements. Infrastructure upgrades at parks and recreation facilities make up a bulk of the remaining costs with roughly $98 million in projects between two propositions.
If the bond passes in its entirety, staff estimates a maximum tax impact of just under $70 for the average Plano homeowner by fiscal year 2024-25. Voter-approved bond funds from past elections are running out, which means the city must request the sale of more debt to carry out much-needed capital projects, City Manager Mark Israelson said.
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