Round Rock City Council voted unanimously Thursday evening to adopt the city's budget and property tax rate for fiscal year 2018-19, which begins Oct. 1.

The approved budget totals $356.9 million and will be supported by a tax rate of 42 cents per $100 valuation, a 3.4 percent increase in the effective tax rate.

According to a presentation from the city, at Round Rock's median home value of $241,538, a homeowner would pay about $85 per month in property taxes to the city under the new tax rate.

The largest chunk of the total budget—$137.8 million—will go toward capital projects involving Round Rock's parks, trails, facilities, streets and utilities.

The budget projects roughly $70 million in sales tax revenues—representing the largest chunk of Round Rock's projected revenues—and about $57 million in property tax revenues.

Round Rock's FY 2018-19 general fund expenses total $114 million and include public safety, transportation and recreation expenditures.



More information about the proposed budget can be found here.