Rollingwood City Council adopted the fiscal year 2020-21 budget, which features a $0.0281 tax rate increase and new employee retention initiatives.
Council approved a $1.56 million total budget, a $36,454.55 increase from the previous fiscal year.
Following deliberations during the virtual meeting, council approved a tax rate of $0.2369 per $100 of valuation. The 3.5% increase would provide the city with an additional $78,543 in revenue.
According to city staff, a homeowner’s average annual cost for city property taxes in Rollingwood will be approximately $3,236—an increase of $384 from the previous fiscal year.