Monday, September 14, 2009

Property Tax hike in Plano...

PLANO — The Plano City Council approved the city's first property tax hike in 19 years Monday night.

Taxes on $250,000 home will go up about $30 a year.

Council members said the increase is necessary because growth is simply over. Plano saw its sales tax receipts tumble 16 percent in July.

The city is hoping the moderate tax hike will help it deal with a $60 million projected deficit in the next two years.


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