The Austin City Council is set to approve its 2014 budget and property tax levy at its upcoming meeting at 5:30 p.m. Monday inside City Council Chambers.

The council will likely approve a $4,120,000 levy for next year, which would decrease property taxes throughout the city by about 1 percent. Next year, the city will have a $30.8 million budget.

Council members will also approve the city’s five-year capital improvement plan, hold public hearings on rezoning and street reconstruction projects, and set appointments to city committees starting in 2014.

The council will also informally meet with citizens at City Hall starting at 5 p.m.