Government
BY KAMERYN GRIESSER & KATY MCAFEE
Lakeway adopts $19.7M budget, higher tax rate Lakeway City Council approved the $19.65 million scal year 2023-24 budget and a new higher tax rate of $0.144 during a Sept. 18 meeting. How we got here The new budget includes a 6% increase in expenditures from last year and provisions for seven new city employees, additional employee bene ts and increased police funding. City Manager Joseph Molis said the increased property tax rate was inevitable with ongoing in ation in addition to the expenses of the Febru- ary winter storm, which cost the city $1.5 million. What residents should know With the newly adopted tax rate, a Lakeway homeowner with an average home value of $779,247 can expect to pay $211 more in property taxes for 2024 than the previous year.
$1.69B Travis County budget approved Travis County commissioners approved the scal year 2023-24 budget Sept. 26. The budget was approved at $1.69 billion, an e ective 9.8% increase year over year. The breakdown Travis County’s FY 2023-24 budget includes funding for the following items: • 4% salary increase for employees • $10 million to improve roads • About $2.6 million for elections • $2 million for mental health diversion center pilot program • About $800,000 for jail-based intake program • $250,000 for the Marshall Plan • About $266,000 for wildlife management
The breakdown The largest portions of the $19.65 million budget will fund police, development and parks.
Police $7.67 million Miscellaneous $4.65 million Development $2.26 million Parks $2.01 million Administration $1.56 million General services $1.55 million
Total $19.7 million
Historical tax rate FY 2020-21 $0.1645 FY 2021-22 $0.1545 FY 2022-23 $0.129 FY 2023-24 $0.144
-12.46% decrease since 2021
SOURCE: CITY OF LAKEWAY COMMUNITY IMPACT
Travis County adopts tax rate for scal year 2023 24 Travis County residents can expect a higher tax bill next year as ocials gear up to fund mental health diversion, overdose prevention, transporta- tion improvements, salary increases for sta and more in scal year 2023-24. The court unanimously approved the FY 2023- 24 tax rate of $0.304655 per $100 valuation rate, the average Travis County homeowner’s tax bill will increase $86.18 due to rising home values. The average taxable property value in Travis County currently sits at $475,289. The details
“The court recognizes that many people above 65 or older are on
xed income and they’ve increased the exemption in the last few years to make it more a ordable.” TRAVIS GATLIN, TRAVIS COUNTY BUDGET DIRECTOR
Two parts of the approved tax rate include: the maintenance and operations rate at $0.269707; and the debt service rate at $0.034948.
Sept. 19. While the approved tax rate is technically around $0.014 less than the scal year 2022-23
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