The McKinney City Council meeting on September 30, 2025, highlighted several key updates regarding the city's fiscal management and ongoing development projects. The council announced the adoption of the Fiscal Year 2026 budget, which will take effect immediately, marking a significant achievement for the finance team and setting priorities for city operations.

One of the major development projects discussed was the Venue Project, which is progressing well and is expected to open in late 2026, with initial events planned for October to December. City officials are actively coordinating efforts to ensure the project remains on schedule.

Progress at the local airport was also noted, with visible advancements in construction. An assistant city manager recently conducted a tour to showcase these developments to the media.

The council addressed the redevelopment of city-owned properties in downtown McKinney. After parting ways with the development firm M2G due to financial disagreements, the city plans to take a more incremental approach. This includes collaborating with the Economic Development Corporation (EDC) to explore potential office partnerships while continuing infrastructure upgrades in the area. Demolition of the old City Hall and Development Services buildings is anticipated within the next six to nine months, paving the way for future development.

Additionally, the council discussed the Lower 5 Plaza project, which has shifted focus due to the loss of federal funding. The original underground park concept will be replaced with plans for enhanced at-grade crossings along Highway 5, ensuring that crossing improvements remain a priority.

In terms of fiscal policy, the city has reduced its tax rate to 0.04122, the lowest in Collin County, while considering the introduction of a homeowners exemption in the coming year. The council emphasized the need for increased foot traffic in downtown McKinney to support local businesses, advocating for infrastructure improvements to attract future development.

Overall, the meeting underscored the city's commitment to strategic development and fiscal responsibility, with plans in place to enhance both infrastructure and community engagement in the coming years.