McKinney ISD trustees are set to adopt a 2026-27 property tax rate of $1.0347 per $100 of taxable value on Monday, Nov. 16, nearly 7 cents lower than last year's rate and below the rate the board had asked voters to approve this month.
The proposed rate combines $0.7147 for maintenance and operations and $0.32 for debt service. Last year the district levied $0.7343 and $0.37, for a total of $1.1043, according to a memo from Superintendent Shawn Pratt.
The resolution says the maintenance and operations rate is being compressed because of state funding formulas, while the district itself is lowering the debt service rate by 5 cents. State law still requires the resolution to carry this sentence: "This tax rate will raise more taxes for maintenance and operations than last year's tax rate."
After the Nov. 3 votes
In August the board adopted a $1.0664 rate and asked voters to ratify it. Proposition A on the Nov. 3 ballot asked voters to ratify that rate, which included a $0.7464 maintenance and operations rate and, according to the ballot language, would have raised about $9.1 million more in operating revenue this year, an increase of about 4.4%.
Voters were also asked to approve four bond propositions: $430.95 million for school facilities, land and buses; $62 million for technology; $4.5 million for the McKinney High training pool; and $2.55 million for stadium facilities.
Unofficial election-night results showed all five propositions failing. Canvassing the official returns for both the tax election and the bond election is on Monday's agenda; the canvass resolutions posted with the agenda leave the vote totals blank.
Land and campus projects
Trustees will also consider authorizing Pratt or a designee to buy about 14 acres from JMA Estates LLC at the southwest corner of FM 1827 and County Road 409. The price is $150,000 an acre, or $2.1 million, paid from land funds, and the resolution says the purchase is foreseeably necessary to meet students' educational needs.
The 14 acres would come out of a larger 40.38-acre tract.
The consent agenda includes about $967,000 in wall panels, flooring and restroom partitions for a refresh of Minshew Elementary, a 2005 campus that has not been renovated since it opened. A memo says the 2021 bond set aside $7.5 million for that project, with work set to begin when classes end in May 2027.
