CITY OF HUTTO
HUTTO ISD TAX BILL BREAKDOWN
TAX BILL BREAKDOWN
Despite a slight drop in the district’s tax rate, the average homeowner living in Hutto ISD can expect to pay around $368 more in their yearly property taxes from the district this scal year.
The scal year 2022-23 budget anticipates the tax rate dropping by over 20% to $0.42198. Because home values are still trending upward, the average tax bill will increase by 3.67%.
2022-23
Percent change
2021-22
2022-23
Percent change
2021-22
-1.93%
$1.4203
$1.3929
Tax rate
-21.34%
$0.536448
$0.42198
Tax rate
Average taxable property value
Average taxable property value
+12.68%
$246,447
$277,707
+31.79%
$242,337
$319,387
$3,500
+$368
Yearly bill
$3,868
$48
Yearly bill
$1,300
$1,348
MONEY OUT
MONEY OUT
The city aims to stay scally conservative and not draw down its reserves balance.
EXPENDITURES BY FUNCTION
Instruction: $65.39M Support services: $14.14M Student services: $13.19M Other: $6.94M Instructional and school leadership: $6.43M General administration: $4.39M
Compensation for employees comprises 77.8% of the budget as the district faces rising costs of salaries.
BIGGEST EXPENSES
GENERAL FUND BY FUNCTION
General fund
Personnel services
Personnel services: $13.76
$13.8M
BIGGEST EXPENSES New positions for 2022-23 • 30 general education teachers • 14 teaching assistants • 12 special education teachers • 4 special education professional positions • 3 gifted and talented teachers • 3 campus-based clerical positions 66 total positions 4% raises for all employees MONEY IN The district anticipates property tax revenue to come in at $65.6 million in FY 2022-23, up from $51.9 million in FY 2021-22. Revenue from state sources, however, is projected to drop from $38.8 million in FY 2021-22 to $33.9 million for FY 2022-23.
Professional services: $5.49M
Capital improvement program Capital
Capital Outlay: $3.97M General expenses: $1.9M
$25M The city will also issue bonds to fund several key road projects such as: Improve intersection along FM 1660 $5.6M
Total: $110.48M
Maintenance: $1.51M
“ALTHOUGH THESE COSTS HAVE PUT A STRAIN ON THE BUDGET, THE DISTRICT CONTINUES TO STAY PRUDENT.” HUTTO ISD CHIEF FINANCIAL OFFICER GLENN GRAHAM
Materials and supplies: $1.37M
Total: $28M
Construct new arterial roads near the Megasite $3M
“WE’RE A SERVICE INDUSTRY, SO PERSONNEL SERVICES ARE ALWAYS GOING TO BE THE BIGGEST COST.” HUTTO CHIEF FINANCIAL OFFICER ANGIE RIOS
Repave of Live Oak Street $1.1M
REVENUE BY SOURCE
Property tax: $66.1M Federal: $2.1M State: $33.9M Other local: $1.8M
REVENUE BY SOURCE Property tax: $10.53M
MONEY IN The city is anticipating $2.1 million in additional property tax revenue from new property added to the tax roll this year.
Other: $1.81M
Sales tax: $7.62M
Franchise fees: $980,000
Permits & licenses: $3.72M
Total: $103.9M
Total: $24.65M
SOURCE: CITY OF HUTTO COMMUNITY IMPACT
SOURCE: HUTTO ISD COMMUNITY IMPACT
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PFLUGERVILLE HUTTO EDITION • OCTOBER 2022
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