Education
BY HANNAH JOHNSON
McKinney ISD historical tax rates McKinney ISD's board of trustees approved a tax rate of $1.1252 per $100 valuation for fiscal year 2024-25.
Maintenance & operations rate
Interest & sinking rate
$0 $0.3 $0.6 $0.9 $1.2 $1.5
-18.26%
$0.37
$0.37
$0.37
$0.37
$1.0067
$0.9429
$0.7575
$0.7552
Welcome Back students & teachers!
2021-22
2022-23
2023-24
2024-25
Fiscal year
SOURCE: MCKINNEY ISD/COMMUNITY IMPACT
Spend life
The tax rate for McKinney ISD will be slightly lower for fiscal year 2024-25. The district’s board of trustees discussed the tax rate during an Aug. 26 board meeting. The total rate approved by the board is $1.1252 per $100 valuation, a $0.0023 decrease from FY 2023-24’s rate of $1.1275 per $100 valuation. The new rate was approved in a 6-0 vote, with board member McKinney ISD approves tax rate decrease
Chad Green abstaining. “MISD is not raising taxes,” board member Stephanie O’Dell said. The overview Even though the tax rate decreased, MISD residents can expect a higher tax bill. The tax bill for an average single family home valued at $575,311 can expect a tax bill of $5,346 from the district—a $75 increase from last year. This is due to rising property valuations and not the district increasing its tax rate, said Marlene Harbeson, MISD’s chief financial officer.
learning.
Spending Life Wisely means taking small steps towards a life of love and impact. And we’re here to inspire and empower you along the way with information that educates, empowers, and inspires each person to reach their highest purpose and realize their greatest success.
McKinney Craig Ranch 6401 S. Custer Rd. McKinney, Texas (972) 569-8301
McKinney Redbud 1700 N. Redbud Blvd. McKinney, Texas (972) 548-3010
McKinney ISD plans facility usage
FirstUnitedBank.com
McKinney ISD’s board of trustees approved a resolution to create the Long Range Facility Planning Committee during an Aug. 26 meeting. The committee will be made up of MISD tax- payers and will plan how to best utilize MISD’s facilities to maxi- mize their potential.
Some context The committee’s framework will be based on enrollment, building capacity as well as costs associated with operations and per student costs. After meeting throughout the upcoming school years, the group will make facilities recommendations to the school board in January 2026.
Member FDIC.
Equal Housing Lender. NMLS# 400025. © 2022 First United Bank. All rights reserved.
15
MCKINNEY EDITION
Powered by FlippingBook