In a nutshell
Council approved a $195.4 million budget for fiscal year 2023-24 at its Sept. 14 meeting.
The overall budget includes $76.3 million for the general fund; $43.3 million for the utility fund; and $75.9 million for restricted funds, such as debt service and revenue for specific purposes.
Additionally, the city budgeted for capital projects, which includes $14.7 million for water, $5.4 million for transportation, $5.3 million for wastewater and $3.9 million for facilities.
In other news
Council also approved a tax rate of $0.37 for the upcoming fiscal year, which is 5.1% lower than the FY 2022-23 rate of $0.39.
With the new tax rate, Cedar Park homeowners in Williamson County will see a $98 increase on average to their annual property tax bills, according to the city. Homeowners in Travis County will see on average a $94 increase.
FY 2023-24 will begin Oct. 1.
