McKinney ISD board adopts tax rate, budget amendments and new library advisory process; approves multiple routine items

The McKinney Independent School District Board of Trustees on Aug. 18 adopted a $1.1043 tax rate, approved budget amendments tied to new state funding and compensation items, and adopted several procedural policies and committee appointments required by recent state law.

Tax rate and budget The board adopted a proposed tax rate of $1.1043 per $100 of assessed value (M&O 0.7343; I&S 0.37). The formal motion used statutorily required language that the rate represented an effective 1.4609% increase for truth-in-taxation notice purposes, although the administration noted the total rate represents a roughly $0.02-per-$100 decrease from the prior year's overall rate after state compression calculations. District staff said the adopted rate, combined with updated state aid templates, supports a budget amendment that increases projected revenue by roughly $20.7 million and expenditures by about $13.2 million, producing a near-balanced amendment with an estimated…