Kyle City Council passes $134.2 million budget after first reading

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Kyle City Council continued discussions of its 2020-21 budget Aug. 18. (Courtesy Fotolia)

Kyle City Council continued discussions of its 2020-21 budget Aug. 18. (Courtesy Fotolia)

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.
By Brian Rash
Brian has been a reporter and editor since 2012. He wrote about the music scene in Dallas-Fort Worth before becoming managing editor for the Graham Leader in Graham, Texas, in 2013. He relocated to Austin, Texas, in 2015 to work for Gatehouse Media's large design hub. He became the editor for the Lake Travis-Westlake publication of Community Impact in August 2018.


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