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