CITY & SCHOOLS
News from McKinney ISD, McKinney & Collin County
McKinney City Council Meets at 6 p.m. Sept. 20 and Oct. 4 at McKinney City Hall, 222 N. Tennessee St., McKinney www.mckinneytexas.org Collin County Commissioners Court Meets at 1:30 p.m. Sept. 26, Oct. 3 and Oct. 10 at the Jack Hatchell Administration Building, 2300 Bloomdale Road, McKinney www.collincountytx.gov McKinney ISD board of trustees Meets at 6 p.m. Sept. 27 at MISD Stadium, 4201 S. Hardin Blvd., McKinney | www.mckinneyisd.net MEETINGS WE COVER HIGHLIGHTS COLLIN COUNTY At a Sept. 12 meeting, county commissioners approved a fiscal year 2022-23 budget of $434.6 million, which is a 3.48% increase from FY 2021-22. Commissioners also decreased the property tax rate for the 30th year in a row. The new tax rate is $0.152443 per $100 valuation. The FY 2021-22 rate is $0.168087. Using the average home value in Collin County of $513,136, the new tax rate will cost residents an extra $115.63 per year for houses without a homestead exemption, according to the county.
District lowers tax rate for fifth year in a row, marking new low
PROJECT AREA
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BY MIRANDA JAIMES
District officials said the reduction is a result of the district’s use of federal grant funding. Part of the low- ered rate also comes from the strong property value growth in McKinney, which has increased more than 17%. The lowered rate will still raise more taxes for maintenance and operations than last year’s tax rate, due to the property value growth. MISD is having to increase its state recapture payments, officials said.
10-acre tract to have residential, retail uses
MCKINNEY ISD Trustees adopted a new tax rate at an Aug. 23 meeting. The tax rate of $1.3129 per $100 valu- ation marks a decrease of more than $0.06, meeting documents showed. This tax rate decrease follows last year’s drop of $0.098 for a combined tax rate decrease of $0.161 over the course of two years and $0.357 over the last seven years, according to a district news release.
BY SHELBIE HAMILTON
MCKINNEY City Council unani- mously approved a project that would bring townhomes and a commercial space to the southern portion of the city at a Sept. 6 meeting. Of the total site space on about 10 acres, about 8.4 acres would be dedi- cated to the townhomes, and separately about 5,000 square feet of retail would be added. The plan also proposes some open space within the community. The developer agreed to limit all structures built to a maximum of 30 feet. Additionally, the proposed development would remove uses that are allowed now and exclude a selection of adult-oriented businesses from being able to use the commercial space.
MCKINNEY ISD TOTAL TAX RATE
McKinney ISD continued to lower its tax rate this year.
$2 $1.5 $1 $0.5 $0
SOURCE: MCKINNEY ISD/COMMUNITY IMPACT NEWSPAPER
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MCKINNEY EDITION • SEPTEMBER 2022
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