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McGregor council approves publishing voter-approved tax rate after budget review
Summary
After a staff presentation on the FY2026–27 budget and revenue scenarios, the council voted to publish the voter-approved tax rate (0.566988) and begin required public-notice steps; staff warned choosing the no-new-revenue rate would reduce available general-fund revenue by roughly $300,000.
The McGregor City Council voted during a July 31 special call to publish the voter-approved tax rate of 0.566988 and initiate notices for public hearings tied to the FY2026–27 budget. Chair moved that the city “approve the voter approval rate of 5 6 6 9 8 8 to report to the McKinney County Property Tax for publication and notification of public hearings if required,” the motion was seconded, members said “Aye,” and the chair declared the motion carried.
Staff presenter Lee said the staff recommendation is to set the budget at the voter-approved rate because the city would otherwise need to find about $300,000 in cuts to match the no-new-revenue scenario. “We will lose about $300,000 in revenues from the no new revenue rate to the voter approved rate,” Lee said, noting the certified taxable value fell to about $820 million and that the $35.60 increase on a $100,000 home reflects the voter-approved rate in isolation. Lee also outlined the public-notice timeline: if materials are submitted immediately, a legal notice could run in the paper on Aug. 6 with the public hearing set per the city’s budget calendar.
