The Austin City Council has approved a revised $6.3 billion budget for the next fiscal year following the overwhelming defeat of Proposition Q, as well as a series of public meetings and deliberations. Proposition Q was a measure on the November ballot that would have allowed the city to adopt a higher property tax rate of nearly 20-percent.
“The City Council heard the voters and has worked to fund basic services through basic budgeting. The amended budget addresses public safety, homelessness services and emergency mental health response, among other things,” said Mayor Kirk Watson. “I thank the community again for its involvement in the election process and its clear message. I appreciate our city’s professional financial staff and the Council for its hard work. We live in a very successful city in large part because of the engagement of our people. I believe this budget, while different than how it started, will help us build on that success.”
The full list of all amendments can be found online here.
The amended property tax rate is 52.4017 cents per $100 of assessed property valuation. The typical Austin homeowner will see an increase of $104.76 per year in the City’s portion of their annual property tax bill.
