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News > Austin Local News > Austin City Council presents a $3.5 billion budget

Austin City Council presents a $3.5 billion budget

After taking about one month off, Austin City Council members came back together to talk budget. The City Council met at Austin Energy, while the City Council chambers undergo renovations to make room for the new 10-1 City Council, and started the meeting off on a high note by singing 'Happy Birthday.' Austin Police Chief Art Acevedo turned 50 Thursday, and Council Member Mike Martinez will turn 45 later next month.  After a bit of song and dance, it was back to business. City Manager Marc Ott, and his staff, presented a $3.5 billion budget for the 2015 fiscal year. Their proposal decreases the property tax rate from 50.27 cents per $100 home valuation to 48.09 cents.  "We've tried to be mindful of the affordability challenge that we're all concerned with here in Austin, and that's evident in our ability to recommend a budget that has a 2.2 cent decrease," said Ott.   http://www.kvue.com/story/news/local/2014/07/31/austin-city-manager-presents-35-billion-budget-to-council/13437865/

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