Thursday , 26 April 2018

McKinney’s City Budget Discussed during Friday Budget Retreat

By Ben Lane, TSB Staff

McKinney City Manager Jason Gray briefed the City Council on the budget for 2013 and 2014 on Friday in a special budget retreat. Gray presented a slideshow highlighting the budget for the current fiscal year, which is set to expire on Sept. 30.

Gray informed the council members that the sales and use tax is trending up in 2013. He told the council that this is due to the relative housing boom that is taking place in McKinney. Gray cited the amount of purchasing that many new homeowners do when they buy a new house as a key contibutor to the increase in sales tax revenue. Gray said that the fiscal year 2013 has the potential to have the highest amount of sales tax ever collected by the city of McKinney. 

Gray also presented the council with budget challenges for 2014. According to the presentation in council chambers, those challenges are:

  • Managing expenditures with modest increased revenues
  • Maintaining market competitiveness of our total compensation packages
  • Right sizing staff based on programmatic needs
  • Continually maximizing efficiencies while maintain current service levels

Gray also told the council that there are opportunities in the 2014 budget. Those are:

  • Salary and benefit package balanced with the market
  • Prioritization of programs and services to align with council and city manager priorities
  • Slight increase in projected revenues due to continued residential and commercial growth

Gray said the city is always monitoring spending in comparison with the neighboring cities in the Metroplex. Gray said that McKinney is third lowest on the scale of general fund expenditures per capita between Grand Prairie, Garland, McKinney, Lewisville, Carrolton, Mesquite, Frisco, Irving, Plano, Allen, and Richardson. McKinney’s general fund expenditures are roughly $650 per capita.

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