For the city of Hutto, issuing bonds for road and water and wastewater projects is a top expense to expand and improve services in the community, Hutto Chief Financial Officer Angie Rios said.
The city aims to stay fiscally conservative and not draw down its reserves balance, Rios said. Some of it's biggest expenses include personnel and capital projects for road water-related work.
The city's general fund expenditures increased by 71% from $61.1 million to $104.5 million in fiscal year 2022-23.
The city is anticipating $2.1 million in additional property tax revenue from new property added to the tax roll this year.
To read about Hutto ISD's budget, click here.