Plano City Council will review a $125.3 million bond package next week that could go to voters by May.
Proposals currently include $42.8 million of street projects, $41.5 million for parks, and $40 million for community and economic development.
The bond project list will probably be pared to $100 million or less at the Feb. 11 council session, said Mayor Phil Dyer.
The final project list must be adopted by Feb. 25 for the bond request to be on the May ballot.
Approval of a $125 million bond package would require a property tax increase of 1.36 cents per $100 of assessed valuation. A $100 million bond package would result in a tax increase of 0.35 cents per $100.
The Dallas suburb currently levies a property tax for debt service of 16.9 cents per $100.
Budget Director Karen Rhodes-Whitley said actual tax would probably be less due to growth in valuation and retirement of existing debt.
Plano’s $350 million of outstanding debt is rated triple-A.
