McKINNEY (Sept. 17, 2015) — During the regular meeting on Tuesday, the McKinney City Council approved Fiscal Year 2015-16 budget of $317.1 million.
The general fund revenues and expenditures are proposed at $116,986,187 for the fiscal year, which runs from Oct. 1, 2015 through Sept. 30, 2016. The fund balance remains strong, with a projected $34,016,748 FY 2016 ending balance, or 29 percent of appropriations, which exceeds the 25-percent requirement.
The total budget also addresses staffing needs with more than 25 additional city staff members approved to be added next fiscal year. The property tax rate remains steady at $0.5830 per $100 valuation.
McKinney, Texas, is unique by nature. The city is No. 1 on America’s Best Places to Live list published by Money Magazine. As one of the fastest-growing cities in the United States, McKinney has a current population of more than 155,000. Established in 1848, the city is located 30 miles north of Dallas and is the county seat of Collin County. McKinney offers award-winning schools, a vibrant historic downtown, diverse housing options, a robust economy and a uniquely beautiful natural setting, with rolling hills and lush trees. Visit the city’s website at mckinneytexas.org.