Title
Consider/Discuss/Act on Revised MCDC Fiscal Year 2027 Budget as Approved by City Council on September 1, 2026.
Summary
COUNCIL GOAL: 4: Financially Sound Government
4.2: Provide funding and an organizational framework to ensure continual economic improvements.
MEETING DATE: September 24, 2026
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• Budget as approved by City Council on September 1, 2026, includes:
o Estimated 3.5% increase in sales tax revenue in FY27 vs. 2.5% used for draft approved by MCDC.
o Total projected revenue has been increased by $2,993,760 for a total of $30,855,703 from sales tax, interest and revenue from other sources.
o Total budgeted for community grants has been increased by $1 million, to a total of $19,997,575, to accommodate $1 million in Parks for operating expenses, as directed by Council.
o Amount budgeted for Roadway Infrastructure was increased to $2,840,169 based on increased revenue projections (original budget was $2,401,271).
o Operating contingency increased to $2,425,858, from $1,013,299, based on increased revenue projection.
BACKGROUND INFORMATION:
• City Council approved the FY27 MCDC budget on 9/1/2026 which includes the revisions outlined above.