McKinney, Texas, proposes $880 million budget, nearly 1.4% property tax hike

McKinney, Texas, proposes $880 million budget, nearly 1.4% property tax hike

McKinney officials are proposing an $880 million city budget and a nearly 1.4% increase in the property tax rate for fiscal year 2026-27, according to Community Impact. The decision would come as residents continue to contend with rising living costs. What happened? After city staff and council members went over the proposal during an Aug. 7 workshop, the next key date is Sept. 1, when council members are expected to take up the budget and tax r…