The McKinney Community Development Corporation (CDC) held a meeting on September 25, 2025, to review financial performance for August, marking the eleventh month of the fiscal year. The meeting highlighted key revenue and expenditure figures, as well as trends in sales tax across the region.

In August, McKinney collected over $2.2 million in sales tax revenue, alongside approximately $260,000 in interest income and nearly $30,000 in miscellaneous revenues, bringing total revenues for the month to just over $2.5 million. Expenditures were reported as relatively low, with operational expenses at $65,000, project expenses at $260,000, and $1.9 million in non-departmental expenses, primarily due to debt service payments.

The sales tax figures for August reflect a 2.6% increase compared to the previous year, with neighboring cities showing varied growth rates: Allen at 2.5%, Frisco at 4.8%, and Plano experiencing a significant 30% increase. Year-to-date, McKinney's sales tax revenue has risen by 2.7%, indicating a steady performance in comparison to its sister cities, although Plano's growth has outpaced the others. The increase in Plano's sales tax is attributed to heightened consumer and business spending, likely influenced by the arrival of new businesses.

Industry-specific sales tax data revealed that retail trade remains stable at 4%, while accommodation and food services have seen an 8% increase. However, construction has shown a decline over the past few months. The meeting concluded with a reminder that the new fiscal year begins in six days, prompting CDC staff to prepare for new purchase orders and budget adjustments.

The discussions underscored the importance of monitoring local economic trends and the impact of new businesses on sales tax revenue, as McKinney prepares for the upcoming fiscal year.