McKinney updates proposed fiscal year 2017-18 budget by $1.14M

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The city of McKinney updated its proposed fiscal year 2017-18 budget to $433 million, a more than $1 million increase from the budget proposed Aug. 4, which was nearly $432 million.

This $1.14 million increase includes the following:

  • $27,000 reduction for the Global Electric Motorcars request, which was a request for another vehicle as part of the downtown McKinney DASH shuttle;
  • $43,687 increase in the Community Development Block Grant for funding allocation from Housing and Urban Development;
  • $78,336 increase for part-time employee salaries at the Apex Centre;
  • $1 million increase in the revenue bond debt service fund after final schedules were received after Aug. 4;
  • $236,598 increase to the McKinney Economic Development Corp. for added staff positions;
  • and a $829,675 increase to the McKinney Community Development Corp. after the MCDC’s board approved the budget. This was done after the Aug. 4 budget workshop.

The second public hearing on the proposed budget will take place at Tuesday’s city council meeting.

Council will also adopt the proposed tax rate, which is an approximate 3-cent decrease compared with the FY 2016-17 property tax rate, which is $0.5730 per $100 property valuation.

The city council meeting agenda can be found on the city’s website. The meeting and public hearing will be held at 6 p.m. at the Jack Hatchell Collin County Administration Building, 2300 Bloomdale Road, McKinney.

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Cassidy Ritter

Cassidy graduated from the University of Kansas in 2016 with a degree in Journalism and a double minor in business and global studies. She has worked as a reporter and editor for publications in Kansas, Colorado and Australia. She was hired as senior reporter for Community Impact Newspaper's Plano edition in August 2016. Less than a year later, she took the role of editor for the McKinney edition.

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