City Council officially adopts budget, tax levy for 2019; Tax levy increased by 15.69 percent
Published 8:33 am Wednesday, December 19, 2018
The Austin City Council unanimously approved and adopted the budget and tax levy for 2019 during its regular meeting Monday evening.
The proposed budget for 2019 is $34,947,319, broken down as follows:
• General Government Services (general administration, public safety, highways and streets, park and recreation, business development, other general, recreation programs, library, fire PERA refund, and capital projects fund) – $22,629,507
• Tax Increment Revenue Pool – $248,833
• Enterprise Funds (sewer user, waste transfer station, storm water management, Port Authority operations) – $6,710,601
• Internal Service Funds (equipment garage, management information system, fire equipment services, and risk management) – $5,358,378
The proposed tax levy for 2019 is $6,873,000, an increase of $932,000, or 15.69 percent, from 2018. The purpose of the tax levy is as follows:
• General – $4,588,861
• Library – $968,139
• Port Authority – $40,000
• Capital Improvements – $1,276,000
The tax is levied based on assessed property value.