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MEDC accepts May 2025 financials showing month revenue of $2.4 million; sales-tax collections linked to March activity
Summary
The McKinney EDC board accepted May 2025 financial statements June 17. Staff reported $2.2 million in sales tax collected for the month (representing March sales), $150,000 in interest income, total monthly revenue of about $2.4 million and total expenses of roughly $760,000.
The McKinney Economic Development Corporation board voted June 17 to accept the May 2025 financial statements.
Chance Miller, assistant finance director, presented the May financials and said the MEDC received $2.2 million in sales tax-related revenue for the month, $150,000 in interest income and smaller miscellaneous receipts tied to the parking garage,…
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