[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6486865,"mediaKeyId","5599852-3daf5cae41955318d33137c84f4cee07","parentId",5599852,"title","MEDC reports sales-tax growth, innovation-fund activity; board approves June 2025 financials","audioSeconds",223,"startMs",2281000,"endMs",2504000,"viewUrl","/Search/View?dp=1&key=5599852-3daf5cae41955318d33137c84f4cee07&start=2281&end=2504","thumbnailUrl","https://assets.pipeline.soar.com/5599852-3daf5cae41955318d33137c84f4cee07/thumbnail_2281000.jpg","articleUrl","/articles/6486865/McKinney/Collin-County/Texas/MEDC-reports-sales-tax-growth-innovation-fund-activity-board-approves-June-2025-financials","mediaUrl","https://secure.pipeline.soar.com/6486865-0b5852abe7c919df94679cae8aaa6d5b/orig.mp4?Expires=1770935799&Signature=bnqX9fZtqsoMvF-u7eiM1dDFon-lcDs~aWR4kEA3syza2U7gX6EjzQqoQMnuuvnNxspnQZeMlNQaMBbA0U5cRerQhApln2VbvB-P8Ez6o~tQIRWE6f4RuCIw84WZ7MtIIsoeKoWp99aOALM80SRzlaN6MR~BOw0Jn3bG2OD74yR~XQeGNcWSBQFvdULd64qOBdSWOjfwyuVYSuurOn8szH315vIJsmlTLoA3csKUBPBAxhxYD5bLzmARpswDNuTZUYEHxoivLqbfq6skGkeYlnNlTfbnokf3kF0xGvU-hlcXPSVDDa2x8wIsikf9JTIX6kUUYyNT7HyQzFKhzhZChQ__&Key-Pair-Id=KUT5TJCACFTXG","author","McKinney","date","2025-08-19T00:00:00Z","article","The McKinney Economic Development Corporation on July 15 received monthly reports showing modest sales-tax growth, rising activity in its innovation fund pipeline and updates on marketing campaigns, and the board voted to approve the June financial statements.

Assistant Finance Director Chance Miller reported that the sales tax collected in June (which applies to April sales) showed a 2.2% monthly increase and a 2.5% year-to-date increase. \"Big picture though, we're at 2 and a half percent,\" Miller said. He noted the board’s budget projection assumed 5% growth and that staff will monitor month-to-month variations.

Miller said the EDC collected a little over $2.1 million in revenue in June, with $336,000 in operational expenses, approximately $15.1 million in project expenses (a transfer to the airport project) and $245,000 in non-departmental expenses; total expenses for June were about $15.68 million.

On innovation and business-development activity, Senior Vice President Michael Talley told the board leads are up and staff have refined Salesforce reporting to break out innovation-fund stages. Talley said the innovation fund had received roughly 145 applications year-to-date and that activity spiked after panel participation at Dallas Startup Week on Aug. 7 (the transcript records a July meeting referencing August events and subsequent application timing).

Marketing and tourism updates came from Visit McKinney and MEDC staff. Marketing manager Luke Gajari said staff plan a new \"McKinney in the news\" section on the MEDC website to curate press coverage and that Visit McKinney is finalizing a creative campaign with a new agency and photo/video shoots for FY26.

Board action: Mr. Halsey moved to approve the June 2025 financials; Mr. Dennison seconded and the motion passed with the board voting in favor. The minutes for the prior meeting were also approved earlier in the consent agenda (motion recorded as moved by Scott and seconded by Julie; motion passed). The transcript records voice votes with attendees saying \"All in favor? Motion passes.\" No roll-call tallies were provided in the transcript.

Why it matters: sales-tax performance and project transfers affect EDC budgets and available project funding; innovation-fund growth reflects demand for startup support; marketing efforts aim to translate events and attractions into visitor spending.

Follow-up: staff will continue to track sales-tax receipts and pipeline activity, refine reporting, and present budget-related items to Council as required by the public hearing schedule and the upcoming budget adoption process.","mediaType","Video","parentTitle","McKinney - McKinney Economic Development Corporation","oneSentenceSummary","The McKinney Economic Development Corporation reported 2.5% year-to-date sales-tax growth through June, detailed progress on its innovation fund pipeline and marketing, and voted to approve the June 2025 financial statements.","taxTitle","McKinney, Collin County, Texas","taxId",2778,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6486869,"Main Street officials outline downtown redevelopment, events and business recruitment plans",828,1104000,1932000,"/Search/View?dp=1&key=5599852-3daf5cae41955318d33137c84f4cee07&start=1104&end=1932","https://assets.pipeline.soar.com/5599852-3daf5cae41955318d33137c84f4cee07/thumbnail_1104000.jpg","/articles/6486869/McKinney/Collin-County/Texas/Main-Street-officials-outline-downtown-redevelopment-events-and-business-recruitment-plans","https://secure.pipeline.soar.com/6486869-1c183fed3b9c90938c5a741f61c57b26/orig.mp4?Expires=1770935799&Signature=XAso~6xA-szlIHv6ia84NmeqncdX3HVRwiNis6rPOtjrNQbVuYUkkaFwCEI3N1W9N0FcjK6V8as5LGShWBLzDbJ0Ovaih43buKEg2mghgIs4r817sCnM9QcLVlWbZnWvAsJ6vYtQnxIOVhSwzljanm9Q-xAw44DPR6iXhmawZ4IyIXfaKNUUsoP~sTUwPeSnkx8IN5IB3s4dQImqfqPas1pbj5jCcfUfqAQyCu4W2pMs0xzc8aZCVYi-DHZeVniA5ITdFHjILdqFrax177mhfdFjX~IxbfR00tQyrgzQdjj9lrBsRp2sDL9hKzCNQ38~wOiiam4h0MzVef2Mfm2ihg__&Key-Pair-Id=KUT5TJCACFTXG","Main Street and City economic development officials told the McKinney Economic Development Corporation board on July 15 that downtown redevelopment and business recruitment remain priorities as the city prepares infrastructure work and private investment.

\"Our vision is very clear: a very vibrant downtown district,\" Andrew Jones, cultural district director, said. He told the board Main Street operates as a public-private nonprofit and supports more than 200 street-level small businesses and more than 112 annual events.

Jones and other presenters described a planned renovation and rebrand of the Impact venue, with construction slated to start in early 2026 and the venue to be marketed as the \"Courthouse Theater.\" The presenters said the renovation addresses deferred maintenance and aims to create new public uses.

Main Street and EDC staff highlighted promotional activities and recent public-art installations — including a downtown scavenger-hunt event that drew thousands of participants last year and is scheduled again for the 30th — and the downtown trolley, a fixed 15-minute route intended to connect older and newer investment areas.

Why it matters: downtown revitalization affects retail occupancy, hospitality demand and cultural life. Presenters said demand is growing for top-tier office space, complementary hotel products and nightlife that would lengthen visitor stays and support sales-tax revenue. Graham (role not given in the transcript) said data sharing between Main Street and EDC is an important part of recruitment and investor outreach.

Board members praised Main Street’s work and raised questions about retail hours and how to encourage businesses to remain open later. Jones said Main Street and partners \"encourage our businesses to stay open later\" but noted many are small, owner-operated establishments and that encouraging later hours is a challenge tied to business capacity.

Main Street officials also described coordination with the city on an upcoming infrastructure investment around the old City Hall and library area, and on programs such as retail infrastructure grants, Texas Historic Commission design services and public-art grants to support adaptive reuse.

Looking forward: Main Street and EDC staff said they will continue collaboration on business recruitment, events and infrastructure coordination. They described an impending marketing rollout with an external agency, and said Oktoberfest and other fall events will be used to showcase downtown to visitors and stakeholders.","Main Street and Economic Development staff described plans to renovate the Impact venue (rebranded as Courthouse Theater), support downtown business recruitment and events including Oktoberfest, and to coordinate infrastructure work near the old City Hall.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6486873,"McKinney staff outline proposed budget and tax rate as city plans response to $15 million federal funding withdrawal",163,101000,264000,"/Search/View?dp=1&key=5599852-3daf5cae41955318d33137c84f4cee07&start=101&end=264","https://assets.pipeline.soar.com/5599852-3daf5cae41955318d33137c84f4cee07/thumbnail_101000.jpg","/articles/6486873/McKinney/Collin-County/Texas/McKinney-staff-outline-proposed-budget-and-tax-rate-as-city-plans-response-to-15-million-federal-funding-withdrawal","https://secure.pipeline.soar.com/6486873-3d89299425732cd52e8a63b444a5f549/orig.mp4?Expires=1770935799&Signature=bD25FvUgG63-PV6lDs2spr6nNAsOQOE8XNRMpisd2cIiLcun7UuhxjadxGnElB1jtY0eQ9mnZRduaAQnAHFyeuJNt7DcLawt7RYtXoJ9nlFYqfCfelTFfLiohKwu~YoruzK1Suc4Iofn3zJQ7ChXO310vYO-autOlIfauW~fwonVpiK1MMTHmP2Cktu53kZpeHZ6MTWcP7CVHBXOW6BjjY1rwqiD9MIcqB3obsocCUbTE8TdpzTq4DzOqsgBOOBXQbAXU4b6Tc0wX4A5UpLgyp3vuBDE5RRPYguUKZm8ktzm86a3Nmyqu1zVBKclVXy7ahqWdbqvG39WhscJIlh77Q__&Key-Pair-Id=KUT5TJCACFTXG","McKinney City Manager Paul Grimes told the McKinney Economic Development Corporation board on July 15 that staff have proposed a fiscal year 2026 budget and a proposed tax rate and that the city is evaluating alternatives after federal funding for a downtown infrastructure project was withdrawn.

\"We have proposed a budget that is plus 2.88%,\" Grimes said. He told the board the city's total budget is roughly $950,000,000, with a general fund operating budget around $231,000,000, and that the proposed tax rate is 0.412. Grimes said the formal tax-rate setting and budget adoption are scheduled for the City Council public hearing and meeting on Sept. 2.

The City Manager also reported that $15,000,000 in federal assistance for the Lower 5 Plaza — described in the meeting as a \"subgrade crossing across underneath Highway 5\" — was withdrawn. \"So that money was withdrawn,\" Grimes said, and he added the city is meeting with the council to evaluate options going forward.

Why it matters: the budget, tax rate and the lost federal funding could affect timing and scope of local infrastructure projects and capital planning. Grimes told the board the proposed tax rate reflects the city’s approach to offsetting rising property values: \"If your property values go up, you reduce your rate to produce a levy. Our levy is the no-new-revenue rate plus whatever percent. Ours generally tracks inflation.\"

Grimes urged board members and the public to engage in the process and said the required single public hearing on the budget will be Sept. 2. He also announced a downtown infrastructure open house on Aug. 27 at 6 p.m. in the council chambers to present reconstruction plans for Tennessee, Lamar, Hunt and Kentucky streets and related utilities in the area around the library and the old City Hall redevelopment.

No formal board action on the budget or the withdrawn federal funds was taken at the EDC meeting; Grimes said city staff and council would consider options later. The transcript records the Board asking procedural questions about when the tax rate would be set and Grimes confirmed Sept. 2 as the adoption date.

Board discussion and next steps: Grimes said the legislature’s special session had items that could affect cities, including proposals on property tax caps and other matters he listed; he did not identify any city action tied to those bills. He encouraged board members to attend the council budget meeting and to direct budget questions to him or to attend the public hearing on Sept. 2.

Looking ahead: city staff will bring options to council after evaluating alternatives for the Lower 5 Plaza funding loss and will continue outreach on downtown infrastructure work at the Aug. 27 open house.","City Manager Paul Grimes told the McKinney Economic Development Corporation board that the proposed FY26 budget reflects a 2.88% increase over the no-new-revenue rate and a proposed tax rate of 0.412; he also said $15 million in federal funding for the \"Lower 5 Plaza\" subgrade crossing was withdrawn and city leaders will evaluate options.","actionData","errors"]

Article not found

MEDC reports sales-tax growth, innovation-fund activity; board approves June 2025 financials

Main Street officials outline downtown redevelopment, events and business recruitment plans

McKinney staff outline proposed budget and tax rate as city plans response to $15 million federal funding withdrawal