McKINNEY, Texas (Sept. 17, 2015) – During the regular meeting Tuesday, McKinney City Council approved Fiscal Year 2015-16 budget of $317.1 million.
The general fund revenues and expenditures are proposed at $116,986,187 for the fiscal year, which runs fromOct. 1, 2015 through Sept. 30, 2016. The fund balance remains strong, with a projected $34,016,748 FY 2016 ending balance, or 29 percent of appropriations, which exceeds the 25-percent requirement.
The total budget also addresses staffing needs with more than 25 additional city staff members approved to be added next fiscal year. The property tax rate remains steady at $0.5830 per $100 valuation.
City of McKinney Press Release