Kyle City Council adopts $212.6M budget for 2022-23 with no change to property tax rate

In a special meeting Aug. 25, Kyle City Council approved the $212.6 million budget for the 2022-23 fiscal year. The new budget also comes with the same tax rate set in the 2021-22 fiscal year at $0.5082 per $100 of assessed property value.

The breakdown of property taxes on residents living in Kyle is as follows:

• Hays CISD: 53%
• city of Kyle: 20%
• Hays County: 15%
• Austin Community College: 4%
• other: 8%

According to the budget proposal, the city will earn around $16 million in property taxes alone, $2 million more than the previous fiscal year. The budget also includes around $15.8 million in sales tax revenue.

The general fund expenditures total to around $60.1 million with the biggest portion, 25%, going toward the police department.

The budget also comes with a 2.49% increase in solid waste service charges for residents but no change in the water and wastewater service rates or storm drainage fees, according to a press release from the city.

Additionally, about $124.8 million in capital improvement projects was approved and includes $11.2 million for economic development and downtown revitalization, $86.9 million in road construction, $9 million for park and trail improvements, $156,600 in funding for the senior activity center, $65,000 for art in public spaces and more.

For more information, visit www.cityofkyle.com/2023budget.