Summary: Plano, Texas; General Obligation

S&P Global Ratings assigned its 'AAA' long-term rating to Plano, Texas' approximately $89.665 million series 2024 general obligation (GO) refunding and improvement bonds and its $6.585 million series 2024 tax notes. At the same time, we affirmed our 'AAA' rating on the city's GO debt outstanding. The outlook is stable. The bonds and notes are payable from the city's ad valorem tax, levied annually within the limits prescribed by law, on all taxable property within its boundaries. We do not differentiate between the city's limited-tax debt and its general creditworthiness since the ad valorem tax is not derived from a measurably narrower tax base and there are no limitations on the fungibility of resources. Bond proceeds will fund street and

...Most recent Historical information 2023 2022 2021 Very strong economy Projected per capita EBI % of U.S. 144 Market value per capita ($) 180,663 Population 317,837 310,680 County unemployment rate(%) 3.2 Market value ($000) 57,421,497 51,981,494 47,692,309 Ten largest taxpayers % of taxable value 5.2 Strong budgetary performance Operating fund result % of expenditures (2.1) 0.8 1.2 Total governmental fund result % of expenditures 0.5 3.1 5.9 Very strong budgetary flexibility Available reserves % of operating expenditures 17.3 20.4 20.5 Total available reserves ($000) 61,204 67,856 64,899 Very strong liquidity Total government cash % of governmental fund expenditures 125 144 58 Total government cash % of governmental fund debt service 1099 1124 447 Very strong management Financial Management Assessment Strong Weak debt & long-term liabilities Debt service % of governmental fund expenditures 11.4 12.8 12.9 Net direct debt % of governmental fund revenue 138 Overall net debt % of market value...

Summary