The McKinney City Council has adopted the budget for Fiscal Year 2026-27. As part of this approval, the city retained its existing property tax rate of $0.412284 for every $100 of taxable value.
The new financial plan features a balanced General Fund of roughly $246.5 million. These resources are allocated to support police, fire, and emergency response units, as well as street maintenance, parks, libraries, and other essential municipal services. The city’s total budget across all funds stands at approximately $880 million, covering general operations, water and wastewater services, capital investments, and various other programs.
To maintain the current tax rate, the city addressed an estimated $2.2 million drop in projected revenue. The adopted plan closes this gap through approximately $1.2 million in targeted expense cuts and an additional $1 million in revenue generated by a transfer from the McKinney Community Development Corporation. These expense adjustments involve changes to departmental operating costs, capital equipment replacement funding, and proposed supplemental investments.
Officials stated that these measures allow the city to preserve core services for residents without increasing the tax burden.
City Manager Paul Grimes emphasized the importance of responsible financial management. "Residents expect reliable public safety, well-maintained streets and parks, responsive City services, and responsible stewardship of their tax dollars," Grimes said. "This budget maintains those core services while making the adjustments necessary to keep our General Fund balanced.
