McKinney, Texas: A city on the Rise 2017 Annual Progress Report

2017

ANNUAL PROGRESS REPORT

McKinney is a city on the rise. You can see it in the diverse neighborhoods, growing business districts, serene natural settings and varied cultural opportunities coming together to form a balanced way of life.

People are taking notice. As one of the fastest growing cities in the country, people and businesses are making the decision to call McKinney home. McKinney is a bustling city that commands its own future without losing touch with its past.

WELCOME

Mayor George Fuller

“I see great benefit in looking at things from a new perspective. The City Council and I have made it a priority to make decisions that will positively impact everyone who calls McKinney home and chooses to do business here.”

- Mayor George Fuller

City Manager Paul Grimes

“We must rise to the challenge of guiding rapid growth so the future of our city remains true to our roots while improving on those things that make McKinney great today. ”

- City Manager Paul Grimes

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 16-17

FY 17-18

% CHANGE

REVENUE SOURCE

FY 16-17

FY 17-18

% CHANGE

Police

Fire

General Government

Parks & Library

Public Works

Development Services

Transfers

TOTAL EXPENDITURE
& TRANSFER BUDGET

$31,138,083

$27,643,279

$23,442,793

$12,306,095

$11,634,436

$10,519,137

$10,337,197

 $127,021,020

$34,234,748

$28,311,646

$26,385,797

$13,492,318

$12,244,761

$11,480,401

$11,094,802

 $137,244,473

9.9%

2.4%

12.6%

9.6%

5.2%

9.1%

7.3%

8.0%

Property Taxes

Sales & Use Taxes

Franchise Fees

Licenses & Permits

Charges & Fines

Transfers

Other Revenues

TOTAL REVENUE
& TRANSFER BUDGET

$70,122,655

$21,885,000

$14,292,000

$8,693,500

$6,982,800

$2,751,968

$2,293,097

 $127,021,020

$73,981,604

$25,675,000

$14,867,000

$10,477,600

$6,535,900

$2,831,630

$2,875,739

 $137,244,473

5.5%

17.3%

4.0%

20.5%

–6.4%

2.9%

25.4%

8.0%

Balanced Budget

For the Fiscal Year 2017-18 (FY17-18), City Council approved a budget of $406.7 million. The general fund revenues and expenditures were proposed at $137.2 million, and the fund balance remains strong. McKinney 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 0.540199 per $100 of valuation, keeping approximately $6 million in the hands of taxpayers.

Dollar bill chart representation of property tax distribution

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%

$259

McKinney

ISD - 67%

$5,259

City of
McKinney - 22%

$1,754

Collin
County - 8%

$624

BASED ON A PROPERTY TAX BILL OF $7,896

ASSESSED ON AN AVERAGE McKINNEY HOME VALUE OF $324,636

FIVE STAR TRANSPARENCY

Texas Comptroller Glenn Hegar and McKinney Finance Dept.

Texas Comptroller Glenn Hegar and the City of McKinney Financial Services staff members

Most Transparent City in Texas

 

McKinney became the first city to receive all five transparency stars from the Texas Comptroller for providing easy online access to important financial data. This designation affirms the city’s commitment to transparency by showing residents clearly how tax dollars are spent.

ECONOMIC GROWTH

McKinney is a community where businesses flourish and employees want to call home. New businesses and existing companies are adding more jobs to the area and changing the economic landscape of the region.

AIRPORT OPERATIONS SOAR

Jet fueling at McKinney National Airport

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.

 

MAJOR ACCOMPLISHMENTS

BogaFit at Apex Centre

Apex Centre Opens

This spring, the city opened the doors to the Apex Centre, the new aquatics and fitness center in Gabe Nesbitt Community Park. More than 95 percent of funding for the facility was awarded by the McKinney Community Development Corporation, generated from a half-cent quality of life sales tax. Successful partnerships within the city help bring high quality projects to fruition and offer the ability to respond to the needs of our growing community.

ALL-ABILITIES PLAYGROUND
BREAKS GROUND

AIRPORT AND FBO
EARN NATIONAL
RECOGNITION AS #1

FIRST GOLD STAR MEMORIAL
IN TEXAS BREAKS GROUND

POLICE DEPT.
RECEIVES NATIONAL

CALEA ACCREDITATION

FIRE DEPT. RECOGNIZED FOR  BEST PRACTICES
BY TEXAS FIRE CHIEFS ASSOCIATION

AIRPORT BREAKS GROUND
ON NEW HANGAR

SANTA’S HELPERS TOY DRIVE
RETURNS TO DOWNTOWN

WFAA Santa's Helpers

DASH PROVIDES FREE RIDES
TO DOWNTOWN PATRONS

COLLIN COUNTY TRANSIT
SERVICE LAUNCHES WITH DCTA

McKINNEY CONVENTION & VISITORS BUREAU OPENS THE McKINNEY STORE

 

FIRE DEPT.

WELCOMES HOME 1924
VINTAGE FIRE ENGINE

 

CITY AND MCDC

ANNOUNCE PLANS TO EXPAND
DR PEPPER STARCENTER

 

CITY EMPLOYEES DEPLOY FOR  HURRICANE HARVEY

RELIEF

 

WATER SERVICE LINE

 REPLACEMENT
PROJECT BEGINS

Jet icon
DASH riders in downtown McKinney
1924 Vintage Fire Engine at McKinney Central Fire Station
Water Service Line Icon
Dr Pepper StarCenter at Craig Ranch
Gold Star Memorial Ground Breaking

ON THE HORIZON

Public Works Crews Replacing Water Service Line
Child Reading at Library
Dog Dining on Downtown Patio

Vibrant Quality of Life

• Leisure and recreational opportunities add to the city’s excellent quality of life. Based on valuable input from residents, the Parks and Recreation Master Plan Update has prioritized ten existing parks for needed improvements and updates.

• Due to unprecedented popularity of the public library system, McKinney is updating plans to expand facilities, resources, programming and staff to keep residents using the library for learning and fun.

 

Strategic Planning

• Work continued on the ONE McKinney 2040 comprehensive plan, which will guide development for the next 25 years and ensure that the successes of the past are carried into the future.

• The city also embarked on a 10-year water service line replacement project to minimize water loss within the city and conserve one of our most valuable resources.

 

Opportunities for Fun

• McKinney Convention and Visitors Bureau is the go-to source for information on entertaining guests or being a tourist in your own town. MCVB recently released a new app to help visitors make the most of their trip to McKinney.

• Historic Downtown McKinney continues to serve as the city’s unofficial center of leisure and play with events like Arts in Bloom and Wine Festival, Home for the Holidays and Oktoberfest.

CITIZEN SATISFACTION

A recent citizen survey confirmed with overwhelmingly positive feedback why McKinney is rated consistently one of the fastest-growing cities in the country. These results will serve as one of several tools to evaluate projects, infrastructure needs, staffing and operational needs as the city develops.

QUALITY OF LIFE

PLACE TO RAISE A CHILD

FEELING OF SAFETY

ECONOMIC HEALTH

Place to Raise a Child Survey Results

90%

positive

feedback

Economic Health Survey Results

80%

positive

feedback

Quality of Life Survey Results
Feeling of Safety Survey Results

90%

positive

feedback

92%

positive

feedback

Excellent

Source: 2017 McKinney Citizen Survey conducted by National Citizen SurveyTM

Good

Fair

Poor

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.

Mayor George Fuller
Council Member La'Shadion Shemwell
Mayor Pro Tem Rainey Rogers
Council Member Scott Elliott

George Fuller

Mayor

La’Shadion Shemwell

District 1

Rainey Rogers

Mayor Pro Tem/District 2

Scott Elliott

District 3

Council Member Chuck Branch
Council Member Tracy Rath
Council Member Charlie Philips
City Manager Paul Grimes

Chuck Branch

District 4

Tracy Rath

At Large

Charlie Philips

At Large

Paul Grimes

City Manager

CONTACT US

City of McKinney

222 N. Tennessee St.

McKinney, Texas 75069

Phone: 972-547-7500

www.McKinneyTexas.org

 

© City of McKinney 2017