Zero tax rate increase�how is that possible?
The school district has paid off a good portion of its current debt that was incurred as the district was growing rapidly. In fact, the amount of debt outstanding has declined by more than 25% in just the last four years. As a result, the payments on current debt will be declining significantly over the next five years. The financing plan is to sell these new bonds over the next five years in a manner that takes advantage of those declining payments and therefore doesn’t increase the tax rate. View Plano ISD's Proposed 2016 Bond Program Tax Rate Analysisand read about the district's recent bond refunding transaction that saved millions of dollars.