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Council reviewed the Fiscal Year 2025-26 budget, including water and wastewater rates, property tax, general fund revenues and expenditures, housing, capital improvements, solid waste and surface water drainage, the airport, and component units. The budget presentation noted an estimated FY26 hotel/motel tax collection of $3,365,000 and said operating costs for Visit McKinney are up $177,000 over FY25 adopted levels.
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Council’s main discussion was the next city budget, including how much the city expects to collect and spend for services in fiscal year 2025-26. The budget presentation also highlighted a proposed transfer of $1.702 million from the hotel/motel fund for Visit McKinney, compared with $1.452 million in FY25. The presentation listed upcoming budget milestones, including a citizen input meeting on August 19 and public hearings on September 2.
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Budget Work Session
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