McKinney’s new fiscal-year budget keeps the property-tax rate unchanged

McKinney entered fiscal year 2026–27 on October 1 with an adopted budget that holds the city property-tax rate at $0.412284 per $100 of taxable value.

The council’s September budget announcement describes a balanced General Fund of approximately $246.5 million and a total budget across all funds of approximately $880 million. The broader total includes utility services, capital investments and other programs as well as general operations.

According to the city, maintaining the rate required addressing an approximately $2.2 million reduction in projected revenue. The adopted approach combines roughly $1.2 million in targeted expense reductions with a $1 million transfer from the McKinney Community Development Corporation.

The city says the adjustments preserve existing core services. They include changes to operating expenses, equipment replacement funding and proposed supplemental investments.

An unchanged tax rate does not by itself mean an unchanged household tax bill; taxable values and other taxing entities also affect what an owner pays. Residents can review the city’s adoption announcement for the municipal budget figures.

Source: Read the original announcement or official community resource.

Prepared with AI assistance from the linked source. Cover: AI-generated community illustration, not a photograph of the reported event.