City government · Collin County, TX

McKinney's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), McKinney took in $570 million and spent $561 million.

Latest recorded year: ended September 30, 2023Comes fromGoes to

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Where it comes from

City taxes47%Fees for services (water, sewer)32%Fines and other15%Federal tax money3.3%State tax money2.3%County and local tax money0.6%

What stands out

16%

of McKinney's money comes from sales tax.A typical U.S. city of 50,000+ people gets 7.8%.

City taxes47%

Property tax
26%$147 million
Sales tax
16%$89.2 million
Other taxes
5.6%$32.1 million
What's in other taxesOther licenses; public utility taxes and 3 more
  • Other licenses$15.7 million
  • Public utility taxes$13.0 million
  • Other selective sales taxes$3.0 million
  • Occupation and business licenses$399 thousand
  • Alcoholic beverage licenses$70 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$182 million
What's in fees for servicesWater; sewer and 4 more
  • Water$84.4 million
  • Sewer$57.7 million
  • Airport$14.3 million
  • Garbage collection$10.1 million
  • Other service charges$9.6 million
  • Parks and recreation$6.4 million

Amounts are by Census type of charge.

Federal tax money3.3%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
3.3%$19.0 million

State tax money2.3%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
2.3%$13.4 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$3.2 million

Fines and other15%

Interest, rents and other
14%$81.7 million
Fines
0.3%$1.7 million

Where it goes

Running the government and other costs28%Water, sewer, trash and utilities24%Police, fire, courts and jails18%Roads, transit and parking14%Parks, recreation and libraries10%All other spending5.2%

What stands out

28%

of McKinney's spending goes to running the government and other costs.A typical U.S. city of 50,000+ people spends 16%.

Spending by category100%

Running the government and other costs
28%$160 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$65.2 million
  • Government buildings$43.6 million
  • Central staff services (personnel, purchasing, technology)$39.5 million
  • Finance, tax collection and budgeting$11.3 million
Water, sewer, trash and utilities
24%$136 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$88.2 million
  • Sewer systems$38.9 million
  • Garbage and solid waste$9.2 million
Police, fire, courts and jails
18%$101 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$47.4 million
  • Fire protection$45.5 million
  • Courts and legal services$4.5 million
  • Inspections and regulation$3.2 million
Roads, transit and parking
14%$79.3 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$53.2 million
  • Airports$26.0 million
Parks, recreation and libraries
10%$56.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$51.9 million
  • Libraries$4.1 million
Interest on debt
4.3%$24.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$14.7 million
  • Interest on water supply debt$9.4 million
Health and hospitals
0.5%$2.6 million
What's in health and hospitalsPublic health
  • Public health$2.6 million
Housing and community development
0.4%$2.2 million
Sources and moreWhere these numbers come from and what they cover

City of McKinney. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023.

What this covers. The money of City of McKinney itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.