Budget

The City of McKinney’s Budget Department is responsible for developing and preparing the City’s Annual Budget to be in line with the City Council’s goals and objectives. The Budget Department oversees the preparation of the annual budget to ensure it is ready for Council review and adoption each fiscal year. This department is also responsible for monitoring compliance with the current adopted budget.

Adopted Annual Budgets

View Current Adopted Budget | View All

Interactive Financial Tool

The interactive financial tool enables users to explore budgetary and financial data using graphs and charts that are easy to understand. Select either the adopted budget or the financials below to use the interactive tool.

Budget & Tax Rate Information

(Required by Texas Tax Code 26.18)

ADOPTED
FY2018-19
FY2019-20
FY2020-21
Inc / (Dec)
% Chg
Total Budget$470,243,861$585,842,684$640,996,776$55,154,092
9.4%
Property Tax Revenue Budget:
Maintenance & Operations
$77,190,131
$83,207,732
$86,925,487
$3,717,755
4.5%
Debt Service
35,264,513
37,509,071
37,723,070
213,999
0.6%
TIRZ 1
1,052,946
1,443,037
1,576,567
133,530
9.3%
TIRZ 2
264,068
314,055
447,230
133,175
42.4%
Total
$113,771,658
$122,473,895
$126,672,354
$4,198,459
3.4%
Property Tax Rate:
Maintenance & Operations
0.362389
0.355393
0.354711
-0.000682
-0.2%
Debt Service
0.162781
0.160207
0.153934
-0.006273
-3.9%
Total
0.525170
0.515600
0.508645
-0.006955
-1.3%
(per $100 assessed valuation)
GFOA Budget Award icon