ANNUAL PROGRESS REPORT
McKinney is a place with many facets, a place where growing families, active seniors, and everyone in between call home. It’s our strong sense of community that keeps us consistently on the fastest-growing charts year after year. McKinney is exceptional because the future of our community is not the responsibility of one person or sector – it relies on each and every one of us working together for the common good.
RETAIL GROWTH
Residents now have more options for retail shopping as the intersection of Hardin Boulevard and U.S. 380 is booming with development, anchored by retail giant Costco and the upcoming opening of Cinemark Theaters. New retail and entertainment offerings will increase commercial property tax values and significantly improve sales tax numbers.
To further enhance McKinney’s retail development, the McKinney Community Development Corporation and the city have identified eight high-priority areas that will be targeted for future retail development.
AIRPORT OPERATIONS
The McKinney National Airport experienced another record-setting year with operations rising 11 percent compared to last year. The McKinney Air Center experienced a two percent increase in fuel sales volume, equating to an increase of more than 16 percent in revenues above 2016.
Construction began on an already fully-leased 10,000-square-foot transient hangar scheduled to open by the end of the year.
ECONOMIC IMPACT
McKinney continues to be an attractive choice for businesses due to its close proximity to the Metroplex, highly educated workforce and quality of place. Independent Bank cemented its decades-long commitment to McKinney by breaking ground on its new corporate headquarters, bringing up to 400 new jobs to the city during the next five years. Moss Construction relocated its regional Texas office to McKinney and plans to add up to 35 new jobs within the next three years.
The McKinney Economic Development Corporation purchased more than 100 acres of land to be used for Class A mixed-use office space to add to its land portfolio intended for a planned high-tech corridor along S.H. 121.
PARKS AND RECREATION
The City of McKinney has a robust parks system that has served generations of families in the community. As the city continues to reinvest in this heritage, city leaders are imagining visionary ideas to ensure the vitality of the parks system for future generations.
CULTURE AND THE ARTS
Unique Events and Attractions
Historic Downtown McKinney earned the prestigious Cultural District Designation from the Texas Commission on the Arts thanks in part to the area’s role as the primary gathering place for commerce, companionship and culture. Guests of the square encounter year-round arts, cultural and historical experiences.
These events and unique attractions draw tourists from near and far. The McKinney Convention and Visitors Bureau draws on McKinney’s charming blend of unique attractions and special events to bring visitors to the city, which includes important business meetings like the 2017 Texas Downtown Association Conference as well as winning the highly-competitive bid to host the 2018 NCAA Division II football national championship game.
Events like Oktoberfest and Arts in Bloom, farmers market, history museums and art exhibitions, as well as a full lineup of quality shows and concerts performed at the McKinney Performing Arts Center add to the thriving cultural district in McKinney.
THE FUTURE IS BRIGHT
Public Safety
New training facilities opened that will play an important role in the safety of our community. Fire Station #9, which contains the latest technology and training enhancements, and the Public Safety Training Center, built in cooperation with Collin College and the City of Allen, serve as valuable resources for preparing emergency response personnel for real-life situations they will encounter while protecting the public and property.
Both departments received affirmation as the Police Department earned statewide recognition for best practices by the Texas Police Chiefs’ Association and the Fire Department reaffirmed the city’s ISO-1 public protection rating, the highest rating a city can achieve.
Comprehensive Plan
City Council adopted the city’s ONE McKinney 2040 Comprehensive Plan, which will provide policy and vision for future development and master planning for things like land use, parks, transportation, economic vitality and other quality of life issues for the next 20 years. The plan emphasizes growth in a creative yet intentional way and provides a framework that will enable McKinney to flourish.
The city relied heavily on public input to guide the development of the comprehensive plan. It includes many components, such as a master thoroughfare plan, economic development strategy, fiscal health strategy and public investment strategy.
Quality of Life
Leisure and recreational opportunities add to the city’s excellent quality of life. This year, a plan to expand the John & Judy Gay Library, located in Gabe Nesbitt Community Park, was approved that will double the public access space and will include additional teen, adult and toddler areas, two multipurpose rooms, outdoor program space and additional parking.
The McKinney Community Development Corporation partners with various organizations across McKinney to enhance the quality of life for residents. MCDC funded more than $7 million in project and promotional grants this year toward the betterment of our community.
FINANCIAL SNAPSHOT
The annual budget is created with the goal of providing a wide range of high-quality services while responsibly stewarding the city’s financial resources.
Statement of General Fund Revenues
Statement of General Fund Expenditures
EXPENDITURES
FY 18-19
% CHANGE
FY 17-18
REVENUE SOURCE
FY 17-18
FY 18-19
% CHANGE
Police
Fire
General Government
Parks & Library
Public Works
Development Services
Transfers
TOTAL EXPENDITURE
& TRANSFER BUDGET
$34,234,748
$28,311,646
$26,385,797
$13,492,318
$12,244,761
$11,480,401
$11,094,802
$137,244,473
$37,096,996
$31,650,209
$29,910,623
$13,472,422
$12,246,246
$11,997,610
$12,728,864
$149,102,970
8.4%
11.8%
13.4%
-0.1%
0.0%
4.5%
14.7%
8.6%
Property Taxes
Sales & Use Taxes
Franchise Fees
Licenses & Permits
Charges & Fines
Transfers
Other Revenues
TOTAL REVENUE
& TRANSFER BUDGET
$73,981,604
$25,675,000
$14,867,000
$10,477,600
$6,535,900
$2,831,630
$2,875,739
$137,244,473
$78,538,131
$26,821,000
$15,970,125
$12,120,300
$8,760,826
$2,879,764
$4,012,824
$149,102,970
6.2%
4.5%
7.4%
15.7%
34.0%
1.7%
39.5%
8.6%
Balanced Budget
For the Fiscal Year 2018-19 (FY18-19), City Council approved a budget of $470.2 million. The general fund revenues and expenditures were approved at $149.1 million, and the fund balance remains strong. McKinney once again received the highest AAA ratings issued from Moody’s and Standard & Poor’s for the city’s general obligation bonds.
Lower Property Tax Rate
The largest share of General Fund revenues comes from property taxes. This year, Council adopted a reduced property tax rate of 0.525170 per $100 of valuation, keeping approximately $3.2 million in the hands of taxpayers.
WHERE YOUR TAX DOLLARS GO
Many taxpayers are surprised to learn that only 22¢ of every dollar paid in property taxes goes to the City of McKinney to fund vital services like public safety, streets and parks. The following chart shows how property tax dollars are distributed among the four taxing entities:
Collin
College - 3%
$278
McKinney
ISD - 67%
$5,442
City of
McKinney - 22%
$1,797
Collin
County - 8%
$619
BASED ON A PROPERTY TAX BILL OF $8,136
ASSESSED ON AN AVERAGE McKINNEY HOME VALUE OF $342,263
DEPARTMENTAL AWARDS
McKinney strives to be a city known for innovation and excellence.
One measure of our success is being recognized by state, national and international organizations.
OUR LEADERSHIP
Leadership in McKinney is solidly focused on maintaining the quality of life McKinney is known for and guiding growth as the city develops. McKinney operates under a council-manager form of government, with the Mayor and City Council adopting or amending ordinances, establishing policies, approving budgets and spending priorities, setting the annual property tax rate and approving contracts and agreements.
George Fuller
Mayor
La’Shadion Shemwell
District 1
Rainey Rogers
District 2
Scott Elliott
District 3
Chuck Branch
District 4
Tracy Rath
Mayor Pro Tem/At Large
Charlie Philips
At Large
Paul Grimes
City Manager