Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
McKinney sets tax-rate ceiling, schedules Sept. 1 public hearing
Summary
Council set a proposed FY2027 tax-rate ceiling of 0.422676, scheduled a record vote and public hearing for Sept. 1, and outlined no-new-revenue and voter-approval computations.
McKinney — The City of McKinney moved its tax-rate process forward on Aug. 4, setting a ceiling for the fiscal year 2027 tax rate and scheduling a public hearing and recorded vote for Sept. 1.
Chief Financial Officer Mark Holloway told council the proposed tax-rate ceiling is 0.422676, compared with the current 2026 rate of 0.412284. Holloway described the two components of the rate — the debt-service portion and the maintenance-and-operations portion — and explained how the "no new revenue" and "voter approval" calculations determine whether the city must hold an election.
Holloway also provided the certified taxable value update to council, reporting nearly $45 billion in taxable value for fiscal year 2027 and noting that certified values had increased by approximately $1.5 billion from the prior year.
Council voted to propose the ceiling rate, set the official public hearing for Sept. 1 at 6 p.m., and scheduled a recorded vote for the same meeting. Holloway said the manager’s recommended rate will remain below the ceiling the council adopted.
