Highland Village City Council approved the first read of the fiscal year 2022-23 budget during its Sept. 13 meeting.
The base budget is $20.95 million, which is a 1.7% increase over last year’s budget, according to a press release.
The tax rate will be decreased from $0.56302 to $.0546825. The assessed valuation is a 7% increase in property tax revenue, and sales tax revenues are projected to increase by 2.8%.
Key initiatives and projects in the budget include the continuation of the school resource officer program, the resurfacing of Doubletree Ranch Park’s splash pad and the installation of fencing, a drainage improvement plan, the reconstruction of streets, the completion of the Chapel Hill trail connection and an increase in overtime for police officers.
