The Dripping Springs City Council voted Sept. 21 to approve the fiscal year 2021-22 proposed budget of about $8.9 million, a roughly 13% increase over last year’s amended budget of about $7.9 million.
The council also voted unanimously to maintain the city’s property tax rate at $0.19 per $100 valuation, although rising appraisal values mean most citizens will pay more in taxes.
The city expects to make roughly $1.98 million on ad valorem taxes in fiscal year 2021-22, amounting to a roughly $350,000 or 21.5% increase over last year. Of that increase in revenue, roughly $207,000 will be raised by new property added to the tax roll this year, according to the budget.
The city also expects to make about $180,000 more in sales tax this year, for a total of $3.79 million in sales tax revenue.
