Government
BY GRACE DICKENS
Cities in Lake Travis, Westlake pass budgets for upcoming year
General fund expenses, FY 2024-25
General fund expenses, FY 2024-25
Bee Cave
Lakeway
City Council: $81.6K Information technology: $381.5K
Court: $659.8K Human Resources, finance: $1.2M
The new FY 2024-25 city tax rate of $0.1598 is a 10.97% increase year over year.
The city’s tax rate for fiscal year 2024-25 of $0.02 remains unchanged from the previous year. Some budget highlights include: • The city is projecting $13.96 million in sales tax revenue in FY 2024-25, a decrease from $14.17 million in FY 2023-24. • The FY 2024-25 budget accounts for a 49.45% increase in legal fees, largely due to elections. • There is a 10.69% increase in money allocated to parks in the FY 2024-25 budget.
Parks and Recreation, public works: $3.6M Building Development Services: $2M City amenities: $2M Information Technology, general services: $1,4M Administration, communicationss: $1.6M
Non-departmental and communications: $528.4K Facilities and Parks: $926.6K
• City officials increased the homestead exemption for
individuals over 65 from $25,000 to $50,000, resulting in $79.90 in savings for eligible households and an additional yearly tax burden of $21.61 on ineligible commercial and residential properties. • The city plans to receive roughly $577,000 less, or a 21% decline, in building and development services revenue in FY 2024-25.
Library: $1.3M
Planning and Development, Municipal court: $1.3M
Administration and Legal: $2.3M
Police $3.7M
Police Department, Emergency Management: $8.1M
General fund revenues, FY 2024-25
General fund revenues, FY 2024-25
Other: $10.5K
Activity Center and Swim Center: $715.1K Franchise fees: $824.7K Parks and recreation: $16.3K Donations/grants: $20.4K Permits, fines and fees: $2.9M Interest income, misc.: $1M
Tax rate
Tax rate
Mixed beverage tax: $170K Municipal court: $411.8K Franchise, building and development fees: $1M Interest income: $1.1M
FY 2023-24
FY 2024-25
FY 2023-24
FY 2024-25
Average taxable home value Tax rate per $100 home valuation
Average taxable home value Tax rate per $100 home valuation
$683,567 $743,897
$779,247 $826,808
Sales tax: $10.5M
Sales and mixed beverage tax: $6.1M Property taxes: $9M
$0.02 $0.02
$0.144 $0.1598
Tax bill
Tax bill
$136.71 $148.78
$1,122
$1,321
SOURCE: CITY OF BEE CAVE/COMMUNITY IMPACT
SOURCE: CITY OF LAKEWAY/COMMUNITY IMPACT
General fund expenses, FY 2024-25
General fund expenses, FY 2024-25
Rollingwood
West Lake Hills
Public works: $79.4K
Facilities maintenance and operations: $35.8K
Court: $96.7K
The city adopted the no-new-revenue rate of $0.2058 for FY 2024-25, a 3.8% increase from FY 2023-24. Some budget highlights include: • The new tax rate is expected to generate $270,139 more for the city, a 9.09% increase. • The city more than tripled the transfer from its street maintenance fund from $150,000 in FY 2023-24 to $494,311 in FY 2024-25. • Personnel expenses increased 62.24% from initial FY 2023-24 projections.
The city maintained its tax rate of $0.1786 per $100 valuation for FY 2024-25 but still anticipates raising $101,916 more in property tax revenue. Some budget highlights include: • The city general fund budget anticipates total revenues to rise to $8.34 million, a 4.62% increase over initial FY 2023-24 projections of $7.97 million. • The city expects to spend 65.73% more on capital outlay expenses in FY 2024-25 compared to the previous year, totaling $298,248.
Park Department: $126.8K Utility billing: $132.2K
Municipal court: $373.2K Planning and development: $1.1M Public Works: $1.3M Administration: $1.4M
Streets: $494.3K Administrative costs: $771.1K Sanitation: $179K Development services: $284.8K
Police: $3.4M
Police: $1.6M
General fund revenues, FY 2024-25
General fund revenues, FY 2024-25
Police: $2,250
Court fees and fines: $152K
Tax rate
Tax rate
Parks Department: $40.2K
Permits: $332K
Courts: $57.8K Development services: $107.8K Utility billing and sanitation: $128.3K
FY 2023-24
FY 2024-25
FY 2023-24
FY 2024-25
Development and Franchise fees: $568K
Average taxable home value Tax rate per $100 home valuation
Average taxable home value Tax rate per $100 home valuation
$1,856,906 $2,016,587
$2,031,341 $2,204,741
Interest and Misc.: $671.9K
Services fees, other: $238.8K
Sales tax: $ 2.7M
$0.1786 $0.1786
$0.1983 $0.2058
Other taxes: $325K Streets: $494.3K Sales tax: $700K Property tax: $1.7M
Property tax: $3.9M
Tax bill
$3,316.43 $3,601.62
Tax bill
$4,028.14 $4,537.35
SOURCE: CITY OF ROLLINGWOOD/COMMUNITY IMPACT
SOURCE: CITY OF WEST LAKE HILLS/COMMUNITY IMPACT
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LAKE TRAVIS - WESTLAKE EDITION
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