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.
Forming…