Despite a projected 10% decrease in sales tax revenue—which accounts for nearly all of Bee Cave’s total revenue—no staff or pay reductions are in the 2020-21 city budget, according to staff.
To address the anticipated drop in sales tax revenue in the $10,039,923 budget, City Manager Clint Garza said the proposed budget reflects a 6% decrease in expenditures from the 2019-20 budget.
The biggest cut came in in the proposed capital outlay budget, which dropped from its current total of $399,000 to $49,500 for the next fiscal year.
“We’re taking on no capital improvement projects next year,” Garza told Community Impact Newspaper.
Bee Cave maintained its property tax rate at $0.02 per $100 of assessed value.