The McKinney City Council has officially adopted the fiscal year 2027 budget, a decision that includes a tax rate designed to raise more revenue for maintenance and operations than the rate established last year. The adoption of the new budget and tax structure follows a series of public notices and hearings held by the city in the summer of 2026.
According to city records, the council voted to approve the budget on September 2, 2026. This action concludes a process that began in August with the publication of notices regarding the 2026 tax rates and the upcoming fiscal year. The city previously issued a notice of a public hearing on the tax increase, which was scheduled for September 1, 2026.
Additionally, a separate notice for a public hearing on the overall budget was also posted for the same date.
The primary financial change highlighted in the announcement is the increase in the tax rate specifically allocated for maintenance and operations. While the source text does not provide specific dollar amounts or percentage increases, it confirms that the new rate will result in higher tax collections for these essential services compared to the previous year.
