On Sept. 3, 2024, the McKinney City Council approved a total budget of $888 million for the 2025 fiscal year, allowing for a property tax rate reduction. The 2025 fiscal year runs from Oct. 1, 2024, to Sept. 30, 2025. The recently announced budget will allocate $219.4 million to the general fund and reduce the city’s property tax rate from 0.427513 to 0.415513. As a result, property owners will now pay $0.415513 for every $100 of assessed property value, a $0.012 decrease from the previous year. “The budget is a reflection of the valuable input provided by our community, as well as…