Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
McKinney ISD hears budget outlook; trustees approve proposed operating and debt-service budgets
Summary
CFO Marlene Harbison presented the district’s certified value estimate ($30.75B), projected decreases to fund balance, and a preliminary tax-rate outlook; trustees approved the proposed general operating, debt service and food-service budgets for 2026–27 and will set the final tax rate after state MCRs arrive in August.
McKinney ISD Chief Financial Officer Marlene Harbison presented the district’s budget and tax-rate public hearing on June 29, reporting certified estimated values of approximately $30,750,000,000 and $1.5 billion in new construction for the district. Harbison told trustees the district is projecting enrollment around 24,000 and a preliminary estimate of a $1.5 million decrease to fund balance for 2025–26, with a projected near-$6 million decrease to fund balance for 2026–27 under current law assumptions.
Harbison explained that final certified numbers and the state's maximum compress rate (MCR) are not available until late July/August, and the district will return to set the official tax rate when those figures arrive. She also noted the district’s current tax-rate components (an I&S decrease of $0.05 per $100 appraised value was shown on slides) and discussed rising recapture obligations. Trustees praised the finance team for managing near-term pressures; one trustee said the preliminary $1.5 million projected deficit for the current year was likely to be smaller than earlier feared.
After the hearing, trustees moved to approve the proposed general operating, debt service and food-service budgets for 2026–27 as presented; the motion passed by voice vote. Harbison said the district will keep monitoring estimates and expects to return in August with final tax-rate decisions once TEA and appraisal data are certified.
