West Lake Hills City Council holds public hearing on proposed FY 2019-20 tax rate

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West Lake Hills held its first public hearing Aug. 14 on the proposed fiscal year 2019-20 tax rate of $0.07 per 100 valuation.

The proposed tax rate was officially set during a July 24 regular meeting. The public hearing was held to provide the community with a chance to comment.

The proposed tax rate for FY 2019-20 remains the same from the previous year, and Mayor Linda Anthony called the proposed rate a wise decision from the board. Anthony said she believes raising property taxes was unnecessary due to a strong cash reserve balance and sales tax revenue.

The FY 2019-20 budget projects a property tax revenue increase of $68,660, a 4.54% increase from 2018-19. The increase comes from the addition of new properties to the tax roll.

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