Although the property tax rate decreased from FY 2022-23’s rate by 3.4%, the average homeowner in Dripping Springs will see an about 11% increase in property tax bills due to rising home values in the area.
The consolidated general fund is a total of about $15 million and includes funding for improvements to parks, Founders Day, the eclipse and the city.
The breakdown
The general fund included expenses such as:
- $2 million in road improvements.
- $1.1 million in park improvements
- $1.2 million toward projects such as the remodeling of City Hall, facility improvements at Dripping Springs Ranch Park and architectural plans for the rehabilitation of the Stephenson Building
- $110,209 for merchandise and an event for the annular solar eclipse
- $160,025 for Founders Day
