The vote date was set by council during its Aug. 16 regular meeting. Council has the option to push the vote back further than Sept. 20.
An amended version of the budget was made available to council by Dripping Springs Finance Director Shawn Cox at the meeting.
Cox also spoke to council about the city's tax rate worksheet received from the Hays County tax assessor-collector.
According to the worksheet, the city's no-new-revenue tax rate for the upcoming fiscal year is $0.1512 per $100 in valuation. A no-new-revenue rate is the rate which would provide the same revenue if levied on a property taxed in both the current and next fiscal years.
The other crucial number in the worksheet is the voter-approval tax rate, which is the maximum rate council can adopt without triggering a public vote. The rate is $0.1778 per $100 in valuation.
A public hearing will be held on the tax rate at council's Sept. 6 meeting. Members can choose to adopt the rate then or postpone to a certain date.
