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McKinney ISD projects modest tax relief as budget planners target 24,000 students for 2026–27
Summary
District finance staff told trustees the certified property value increased about $823 million (2.75%), projecting a small decrease in the overall tax bill for an average homeowner and budgeting for a target enrollment of 24,000 students; state aid and recapture shifts leave an estimated $4 million gap in the 2026–27 fund balance under current assumptions.
District finance staff presented a budget update to the McKinney Independent School District Board of Trustees on May 18 that rolled certified April estimates into the 2026–27 planning template. The presentation showed a $823 million increase in certified value — about a 2.75% rise — and projected a maintenance-and-operations (M&O) tax rate near 0.7328. "If you take the average single-family home and subtract the homestead exemption," the presenter said, the M&O portion of the bill would be about $3 less than last year for a median-value household, he said.
Board members and staff highlighted headwinds that reduce state revenue while local property values climb: recapture is projected to rise, charge revenue is down about $3 million, and state aid is expected to fall by roughly $5–6 million. The presenter said the district is basing its 2026–27 budget on a projected enrollment of 24,000 students (current enrollment reported at about 23,942). "We currently have around 23,942 kids, so it's not out of the reach at all," the presenter said. Under current assumptions the district projects approximately a $4,000,000 decrease to fund balance for 2026–27 unless expenditures or revenues change.
Trustees asked clarifying questions about the number of enrollment changes and the versioning of state templates used in the projection. The presenter said the district was working from funding template version 12 and that estimates have fluctuated several times since April. The board is scheduled to adopt the budget at its June meeting, when staff will bring updated averages of average daily attendance and any revised state numbers.
Provenance: The budget figures, enrollment targets, and fund-balance estimate were presented during the certified-estimates budget update (public presentation and Q&A).
