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McKinney approves $942M budget with tax rate cut for FY 2025-26

by | Sep 5, 2025 | 0 comments

City Council adopted the FY 2025-26 budget on Sept. 2, lowering the property tax rate to $0.412284 per $100 valuation from last year’s $0.415513. The plan raises water and wastewater rates 4% and 5%. The plan funds 59 new positions and sets general fund revenues and expenses at $232.2M, up $12.7M from last fiscal year.

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