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.
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.
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 Study
Economic Impact Study
The airport has an economic impact of more than $212 million annually to the city and surrounding region, according to the 2018 Texas Aviation Economic Impact Study released by the Texas Department of Transportation. This represents a 382 percent increase from the previous study released in 2011, when it was determined the airport had an economic impact of $44 million annually.
Construction began on the future home of the McKinney Air Center - a state-of-the-art executive terminal - and on a new 40,000-square-foot hangar, the largest hangar at the airport, as part of a public-private partnership with Western LLC. The airport also opened a new 10,000-square-foot hangar that was fully leased prior to opening.
The city purchased approximately 190 acres of land near the airport, allowing the opportunity to develop as aircraft operations increase and the need for expanded infrastructure and facilities grow. The purchase was made from the existing fund balance, avoiding the need for borrowing and incurring interest cost.
The McKinney National Airport experienced another record-setting year with operations rising more than 16 percent compared to last year. The McKinney Air Center sold 100,000 more gallons of fuel than the previous year, representing a seven percent increase in fuel sales volume. .
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.
The Courts Expansion
Athletic Field Enhancements
Gold Star Memorial Ribbon Cutting
The Courts Expansion
Nationally-acclaimed The Courts tennis facility located in Gabe Nesbitt Community Park is undergoing a massive expansion this year to add 12 new tennis courts, which will double the capacity of the facility. These renovations will solidify The Courts as the premier tennis facility in the Metroplex.
Athletic Field Enhancements
The city’s athletic fields at Gabe Nesbitt Community Park and Grady Littlejohn Softball & Baseball Complex were renovated to improve their playability, durability and aesthetics, with plans to start soon on enhancements to McKinney Soccer Complex at Craig Ranch. This will enhance the enjoyment of these facilities for all who visit.
All-Abilities Play Area at Bonnie Wenk Park
Bonnie Wenk Park will soon offer something for everyone as the city is set to add its first all-abilities play area designed for children with special needs. Additional updates to the park include new concrete hike and bike trails, ropes courses, skywalk, two multi-purpose sports fields, restrooms and additional parking.
Gold Star Memorial
The Armed Services Memorial Board unveiled the Gold Star Families Memorial Monument at Veterans Memorial Park in McKinney. The memorial, funded in part by the McKinney Community Development Corporation, honors families of military service members who lost their lives serving our country, preserves the memory of the fallen and stands as a stark reminder that freedom is not free.
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
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.
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.
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
Parks & Library
& TRANSFER BUDGET
Sales & Use Taxes
Licenses & Permits
Charges & Fines
& TRANSFER 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:
College - 3%
ISD - 67%
McKinney - 22%
County - 8%
BASED ON A PROPERTY TAX BILL OF $8,136
ASSESSED ON AN AVERAGE McKINNEY HOME VALUE OF $342,263
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.
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.
Mayor Pro Tem/At Large