The city of Bee Cave unanimously approved its fiscal year 2025-26 budget and tax rate Sept. 22, maintaining its tax rate of $0.02.
The overview
The tax rate adopted is the same as was maintained by the city in FY 2024-25 and at least the five years preceding that.
The tax rate adopted by the city will result in a $153.97 yearly tax payment for the average taxable homestead value in the city, which is $769,846, according to city documents.
Although the tax rate remained the same, the average taxable homestead value in Bee Cave increased from last year, so this payment is $2 more than FY 2024-25.
The details
Beginning the upcoming fiscal year, the city’s fund balance shows an amount of $15.4 million. At the end of the fiscal year, the balance is expected to hit $16.4 million.
The city’s budget, as presented at the Sept. 22 meeting, shows a revenue total of $13.8 million for the 2025-26 fiscal year.
Of the city’s revenues, $10.5 million came from city sales tax, and $1.05 million came from city interest income.
Expenditures, as presented, totaled $11.4 million. The largest of these went to city police—a total of $3.73 million. City administration received $1.48 million, and the library received $1.34 million.
Planning and development spending was also increased this year, Finance Director Travis Askey said at the meeting. The department handles planning, engineering, building permitting and inspections and code enforcement in the city.
Last year, the expenditures for this department totaled $941,651, whereas this year they rose to $1.22 million.
“When you think about all that we did, it’s a pretty conservative amount of increase from year to year,” Askey said about the city’s expenditures.
The total revenue left over after expenditures came out to a positive value of $2.43 million.
Quote of note
“When I look at this [budget] slide, I don’t just see a lot of numbers; what I see is a plan that we are going to be executing,” City Manager Julie Oakley said. “It’s a plan that is executable by staff, it is a plan that has prioritized employees. ... I’m excited for this plan for the next year, so I want to thank the staff that worked on this.”
