The Council held the first public hearing on the proposed 2014 property tax rates for McKinney’s residents Tuesday night. The council is required to hold three public hearings before approving the new tax rate for 2014.
According the presentation to the council, the existing home values in McKinney have increased 4.5 percent in 2013. The overall tax rate has not changed since 2008 and will not change in 2014, but the average McKinney homeowner will pay $55 more in 2014 as a result of the higher assessed values.
The remaining public hearings will be held on Tuesday, Sept. 3, at 6 p.m. at the Council Chambers and the Tax Rate Adoption Vote will be held on Tuesday, Sept. 17, at 6 p.m. at the Council Chambers.
There were several other items on the council’s agenda on Tuesday evening. Of note were several items, including:
Council Unanimously Approves Request from Big Tony’s Grill to Become Private Club: Big Tony’s Grill, located at 1705 W. University, is requesting a Specific Use Permit to become a private club. This change would allow Big Tony’s Grill to change from an even 50-50 split of beverage and food sales to a 65-35 beverage to food split. The council approved this request unanimously. Big Tony’s Grill is now required to request the appropriate authorization through the TABC.
Council Approves New Insurance for City Employees: The council authorized a change in the insurance for the city’s employees. The new insurance provider will be Cigna Insurance. City Manager Jason Gray told the council in Monday evening’s work session that the change has the potential to save the city $2 million in 2014. Gray also noted that the city employees would have increased digital access to their benefit information with Cigna.
Council Authorizes Raytheon Project Incentives: The City Council authorized a fiscal year 2012-2013 budget amendment to fund $337,000 to be used for project incentives for Raytheon.
McKinney Receives Government Finance Officers Association Budget Award for 29th Straight Year: The City of McKinney announced that it received the Distinguished Budget Award from the Government Finance Officers Association. This year marks the 29th straight year that McKinney has received this award.
According to the press release issued to announce the award, “this award reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.”