The council approved the proposed budget and set the maximum tax rate at its Aug. 11 meeting.
During its special-called meeting Sept. 1, council held the first hearing of the budget and tax rate. A second hearing and vote was required for adoption of the FY 2022-23 tax rate and budget.
The set tax rate of $0.39 includes a maintenance and operations rate of $0.204061 and a debt services rate of $0.185939. This is Cedar Park’s lowest tax rate since 1998, according to the Sept. 8 press release.
Under the new tax rate and budget, the average homestead homeowner in Cedar Park will pay roughly $1,608 to the city compared to $1,617 for FY 2021-22, according to the release.
Out of the approved $187.7 million total operating budget, $74.8 million will be allocated to the general fund.
Through the new budget, the city’s police department will launch a new mental health unit, which will include specialized police officers partnering with mental health professionals that will be embedded in the unit, according to the release.
The approved budget also includes $42.4 million in transportation projects, $19.9 million in parks projects and $4.7 million in facilities projects.
The FY 2022-23 budget is “in a good place,” according to the city, which credits the city’s finances and references Cedar Park as the “best place for families.”
