Who it affects
The city of Kyle makes up just over a fifth of residents' property tax bills at 21%. The county's school district, Hays CISD, makes up just over half of residents' bills.The budget was prepared using $0.5082 per $100 valuation as the tax rate, from the previous budget, but City Council adopted a tax rate of $0.4693 per $100 valuation. Despite the continued rate decreases, the city is set to generate more revenue than in previous years as Hays County remains a hot spot for market value.
Budget explained
The budget comes with expenditures set at $272 million and total revenue set at $198 million; a beginning balance of $199 million offsets the expenditures. Ultimately, the city ends the 2023-24 fiscal year with $125 million left over, according to agenda documents.
Some notable expenditures within the budget include:
- $100,000 for a mental health and behavioral program
- $300,000 for the Uber Kyle $3.14 program
- $10.5 million for Downtown Master Plan, other developments
- $3.9 million for "high-priority" road projects
Goforth Road, Dacy Lane and Kohlers Crossing are a few of the projects listed as "high priority," along with 2022 road bond projects.
There's also $5.5 million allocated for merit increases, medical insurance, a compensation study and other employee-related expenses.
Another $3 million was allocated for 33 new full-time positions for various city departments:
- Building: 1
- City manager: 2
- City secretary: 1
- Communications:1
- Engineering: 2
- Beautification: 3
- Facilities: 2
- Financial services: 3
- Library: 1
- Parks: 8
- Police: 6
- Public works: 3
The fees for water, wastewater and storm drain fees will remain the same in FY 2023-24, but the solid waste service fee will be increasing by $2.52.
There are a handful of new programs or services on the horizon the city earmarked funds for but are not expected to be used until 2025 at the earliest:
- $400,000 for an outdoor nature center
- $150,000 for Seton park development
- $210,000 for community gardens at Seton park
- $250,000 for Kohlers Crossing illumination
- $$250,000 for a community center project
The budget and tax rate go into effect Oct. 1.