Hutto City Council calls meeting to explore tax rate options Aug. 31

Hutto officials will meet Aug. 31 to explore options related to its proposed tax rate.

What you need to know

Hutto City Council will meet Aug. 31 to vote on items changing its proposed tax rate for fiscal year 2023-24, set to start Oct. 1. Previously, council was set to vote on its tax rate Sept. 7.

City documents show officials will consider multiple measures to change its proposed tax rate from the no-new-revenue rate of $0.402114 per $100 valuation to the higher voter-approval tax rate of $0.465251. The voter-approval rate is $0.063137, or 15.7%, higher than the proposed no-new-revenue rate and triggers the calling of an election should council pass it.

Another measure on the agenda would see council change the date of its public hearing and final vote on the tax rate from Sept. 7 to Sept. 14.

In case you missed it

Officials held discussions on the $351 million FY 2023-24 budget Aug. 17 and 24, predicated on a $0.402114 tax rate. At the time, city officials said the proposed tax rate would broadly constitute a $41-per-month decrease in the average homeowner's property tax bill.