McKinney Weighs Published Funding Caps for TIRZ No. 1
A resolution on the Oct. 20 agenda would replace case-by-case staff judgment with a published chart of funding caps. No vote has been taken.
McKinney officials are being asked to rewrite the rules for how Tax Increment Reinvestment Zone Number One hands out redevelopment money. The proposed resolution would trade case-by-case staff judgment for a published chart of funding caps and required matches. It has not been voted on.
Why it matters
Any property owner or developer seeking TIRZ No. 1 dollars must meet the zone’s funding policy, so the rules set what a downtown project can ask for. The TIRZ No. 1 board raised the issue after its June 16, 2026 meeting, flagging requests that either exceeded the budget set for a project type or landed in categories with no funding limit at all, according to the agenda memo filed with the item. The proposed resolution would strike the existing requirement that staff base funding recommendations on internal evaluation criteria and replace it with a reference chart spelling out project types, required matches, and dollar caps. Staff also plan to discuss adding a five-year fund balance forecast to future reports.
The numbers
The item is file 26-1011 on the city’s Oct. 20, 2026 agenda, with a staff recommendation that the TIRZ Board approve it. The Legistar record shows no action taken. The posted packet does not itemize a current fund balance, bond capacity, or dollar total tied to the policy change; the financial-summary section of the record contains no verified figures. The item is linked to Council Goal 5.2, the city’s goal for reinvestment in historic downtown McKinney.
What’s next
The resolution is set to be considered on Oct. 20, 2026. The vote has not happened; nothing here is decided. If it is adopted, future TIRZ No. 1 funding requests from downtown property owners and developers would be measured against the published caps and match requirements rather than staff discretion alone, and subsequent board reports would carry a multi-year balance forecast. More on the metro’s zoning and incentive activity is tracked at McKinney and the rest of Dallas-Fort Worth.
On the record
Primary record
- Public recordThe resolution would strike the current rule that staff base TIRZ No. 1 funding recommendations on internal evaluation criteria, replacing it with a published chart of project and expenditure types, required matches, and funding caps.View the record on mckinney.legistar.com