Officials in Kyle voted to approve a budget that is projected to keep the city’s revenues ahead of its expenditures for the 2020-21 fiscal year.

The discussion and approval came during the Aug. 18 meeting and, when combined with the city’s estimated beginning fund balance of $113.68 million, estimated revenue of $84.5 million and estimated expenditures of about $134.2 million, will leave Kyle with a projected fund balance of $63 million.

Council also approved an ordinance to set the city’s property tax rate for 2020-21 at $0.5201 per $100 valuation, which is slightly less than the 2019 rate of $0.5416.

Though council passed the budget during the Aug. 18 meeting, there will still be a second reading of the budget Aug. 25.