City proposes record tax rate ahead of public hearing

During a recent city council meeting in McKinney, Texas, officials moved forward with plans to adopt a fiscal year 2025 tax rate of 0.416922, which exceeds the no new revenue tax rate of 0.402339. A public hearing on this proposed tax rate is scheduled for September 3, 2024, at 6 PM, where a record vote will also take place. The meeting will be held at the McKinney City Hall Council Chambers.

City officials clarified that the proposed rate represents a ceiling, with the actual tax rate to be determined and voted on in the following month. The council's decision to proceed with this tax rate reflects ongoing discussions about fiscal responsibilities and community funding needs.

Additionally, the council considered an ordinance to call for a charter amendment election on November 5, 2024. City Attorney Mark Hauser acknowledged the efforts of a committee appointed in May to review various aspects of the city charter, highlighting the collaborative work that has led to the proposed amendments. The council reviewed four propositions during a recent work session, which will be presented to the public for consideration in the upcoming election.