Austin, TX – Austin City Manager T.C. Broadnax presented a $5.9 billion proposed budget for Fiscal Year 2025 to the Mayor and City Council today, July 12. This budget prioritizes community-focused investments in critical areas such as affordable, equitable housing and sustainable, resilient city services. It also looks to the future by investing in generational projects, such as the expansion of the Austin-Bergstrom International Airport, the redevelopment of the Austin Convention Center, and continued investment to strengthen critical mobility and utility infrastructure.
“As federal funds provided through the American Rescue Plan Act (ARPA) expire and growth in sales tax collections slows, municipalities across the state are finally experiencing the harsh consequences of the property tax cap established by the Texas Legislature. Austin is no exception,” Broadnax said. “That means we must prioritize critical needs, be circumspect in our investments, and, now more than ever, listen to what Austinites want and need from their City government.”
The proposed property tax rate is 44.93 cents per $100 of taxable value. The typical Austin homeowner will still see an increase of $8.52 per month or $102.26 per year in the City’s portion of their annual property tax bill.
The City’s rates and fees, including for electricity, trash service, water, drainage, and transportation user fee are proposed to rise in response to escalating operations costs as well as increasing service demands from a growing population. The projected increase for the typical Austin taxpayer is $22.70 per month or $272.42 per year.
Community Budget Input Meetings will take place over the next few weeks and City Council will have the opportunity to review and initiate amendments to the proposed budget before final adoption scheduled for August 14 through August 16.
The budget presentation to Council was broadcast live and will be available on ATXN’s archive. To learn more about the City’s Budget development process and get involved visit AustinTexas.Gov/Budget.
