Rollingwood City Council approved its fiscal year 2026-2027 budget and tax rate at a council meeting on Sept. 16.
The overview
The city approved the actual no-new-revenue tax rate of $0.196327 per $100 of assessed valuation, a slight decrease from the previous year’s rate of $0.202039 per $100.
Although the approved property tax rate has slightly decreased, some homeowners may pay more in property taxes than they did the previous year as the average homestead taxable value has increased.
The city is anticipating property taxes to contribute over $1.8 million to the budget, $69,000 more than the prior year, according to city documents.
“I think you have a very responsible baseline budget that takes care of the essentials of the city while also making some forward-looking and really positive commitments to funding some needed improvements for the city,” Rollingwood Mayor Gavin Massingill said.
By the numbers
Rollingwood City Council also approved the municipal budget for fiscal year 2026-2027, funding city projects, operations and other expenditures.
The total revenue brought into the city’s general fund in the fiscal year 2026-2027 budget is listed at $3.98 million. Expenditures are listed at $5.22 million, leaving a projected shortfall of over $1.2 million.
Administration revenues, including taxes and other charges for services, make up over 82% of the general fund revenues. Administration revenues also increased by 3% compared to the previous fiscal year.
In terms of expenditures, the largest sum went to the police department, a total of $1.89 million, a nearly $1 million decrease from the prior fiscal year at $2.87 million.
Over $1.45 million will be allocated for salaries, while the remaining amount will go toward equipment, dispatch and other contractual services.
What else
The budget and tax rate will take effect on Oct. 1.
Eanes ISD adopted a rate of $0.8254 per $100 of valuation, a slight decrease from the previous rate of $0.8322.
Travis County homeowners may see a slight increase in property taxes compared to the previous year, but the county's budget and tax rate have not been adopted yet.
