From the Office of Mayor Brian
Fall is Oktoberfest Season in McKinney
The beginning of fall is upon us and the season started off on a high with our signature Oktoberfest event in downtown McKinney. The family-friendly event attracted thousands to our square and we want to say thank you to everyone who came and to all the volunteers for helping pull this event off.
It's Also Budget Season
Fall also marks the beginning of a new budget year for the city. Each year, the City of McKinney budget is developed with the goal of providing a wide range of quality public services to our community. City Council recently passed a balanced budget and voted to lower the city’s property tax rate to bring the current rate of 0.5830 down to 0.5730.
Reduced Tax Rates, Financial Strength and Unparaleled Services
During the last 10 years, the city has lowered the tax rate five times with this year’s additional reduction. The new proposed rate means that property owners would pay $0.573 for every $100 of assessed property value, keeping approximately $1.7 million in the hands of taxpayers.
The City of McKinney is financially strong. McKinney received reaffirmation of the city’s excellent bond ratings with an AAA rating from Standard & Poor’s and an Aa1 rating from Moody’s for our general obligation bonds.
To continue to provide unparalleled city services for a rapidly-growing community, the budget provides for more than 44 additional city staff members, including 17 additional staff in the Police Department and 18 additional firefighters.
I am proud of the time and effort our City Council and city staff put into the budget process this year. We have a number of big projects in the works that will help shape the future of our city and several that will help stimulate major economic growth. Even with a growing city, we continue to set ourselves up for a stable and successful future.
Planning the Next 25 Years
City staff continues to move forward with the ONE McKinney 2040 Comprehensive Plan that will guide the growth and development of the city during the next 25 years. In recent months, the city has presented plans for mobility and transportation as well as citywide land use and development strategies for each district.
An ongoing priority is hearing from our citizens. The comprehensive plan is driven by public input and designed by the community. I encourage you all to be a part of the process and stay up to date with the regular meeting schedule and updates to the City Council by visiting OneMcKinney2040.com.