Collin County commissioners have adopted an annual budget for the next fiscal year, and residents are projected to pay more in property taxes despite a lower tax rate. (Courtesy Fotolia)

Collin County commissioners have adopted an annual budget for the next fiscal year, and residents are projected to pay more in property taxes despite a lower tax rate.Commissioners in their Sept. 13 meeting adopted a $411 million budget for fiscal year 2021-22. The FY 2021-22 general fund is set at $236.3 million.

A new property tax rate of $0.168 per $100 valuation was also approved, down from $0.1725 per $100 valuation from the past fiscal year. Adoption of the new rate marks the 29th year without a tax rate increase in Collin County, according to Director of Budget and Finance Monika Arris.

Read more at Community Impact.