DATA: McKinney’s sales tax revenue climbs 18% in spite of pandemic

This marks the second month in a row where the city has reported a year-over-year increase in sales tax revenue. (Community Impact staff)
This marks the second month in a row where the city has reported a year-over-year increase in sales tax revenue. (Community Impact staff)

This marks the second month in a row where the city has reported a year-over-year increase in sales tax revenue. (Community Impact staff)

The latest data shows McKinney’s sales tax revenue was up in May as more businesses began to reopen their doors during the coronavirus pandemic.

McKinney’s sales tax payments for July, which reflect sales from May, totaled $5.05 million, up about 18% from what the city collected in July 2019, according to data from the state.

McKinney fared better than neighboring cities. Plano had a 17% decrease in May, and Frisco and Allen were down by about 7%.



This marks the second month in a row where the city has reported a year-over-year increase in sales tax revenue. McKinney’s sales tax payments for June were up by about 12%.

McKinney Chief Financial Officer Mark Holloway said at the time that the long-term impact of the coronavirus could still impact the city’s budget.


“We're cautiously optimistic about our numbers for the rest of the year,” Holloway said in a June interview. “But sales tax during these times can be volatile, so we’re going to remain very conservative with our projections.”
By Miranda Jaimes
Miranda has been in the North Texas area since she graduated from Oklahoma Christian University in 2014. She reported and did design for a daily newspaper in Grayson County before she transitioned to a managing editor role for three weekly newspapers in Collin County. She joined Community Impact Newspaper in 2017 covering Tarrant County news, and is now back in Collin County as the editor of the McKinney edition.


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