The Plano ISD Board of Trustees will consider Feb. 2 to call a $481 million bond election in May.

In a special Jan. 19 meeting, the board agreed its refinancing plan for the package would not increase the district’s tax rate. Final decisions on what will go on the bond election ballot will be made at the Feb. 2 meeting. Plano ISD’s last bond election was held in 2008.

The board created a Facilities and Technology Study Task Force to help develop the package, which was originally proposed at $524 million. The bond program includes addition of new facilities, such as a performing arts center, renovations, technology improvements and enhancements to the district’s athletics departments. The package would also provide funding for increasing security measures on campuses.

Residents have expressed strong interest in construction of an arts center and making more investments in science programs.