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🥃 Nov. 8 marked the third anniversary since McKinney residents voted to allow package liquor stores to open within city limits.
The overview: More than 75% of voters approved the ballot proposition in fall 2022, and McKinney’s first liquor license was issued in January 2023. Before the proposition, stores were only allowed to sell beer and wine for off-site consumption. Since then at least 25 licenses have been issued for package liquor stores, and sales have generated more than $817,000 in sales tax revenue.
Measuring the impact: Sales tax is collected by the city to fund general operations, including its police department, re department and public works department. Lisa Hermes, president of the McKinney Chamber of Commerce, said the sales tax boost was important to maintain McKinney’s quality of life.
Quote of note: “Anytime we can make our sales tax dollars grow, that only offsets the dependency of tax dollars from property tax,” Hermes said. “For the homeowners, that’s really important.”
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