FINANCIAL DOCUMENTS | BUDGET AND FINANCE | BUDGET DOCUMENTS
This budget will raise more revenue from property taxes than last year's budget by an amount of $24,634,167, which is a 2.5 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $14,569,733.
Austin City Council vote by each member on fiscal year 2022-2023 Adopted Budget:
FOR:
- Mayor Steve Adler
- District 1 Council Member Natasha Harper-Madison
- District 2 Council Member Vanessa Fuentes
- District 3 Council Member Sabino Renteria
- District 4 Council Member Jose Vela
- District 5 Council Member Ann Kitchen
- District 7 Council Member Leslie Pool
- District 8 Council Member Paige Ellis
- District 9 Council Member Kathie Tovo
- District 10 Council Member Alison Alter
AGAINST:
PRESENT and not voting: None
ABSENT: None
City of Austin Property Tax Rates:
| Fiscal Year | 2021-2022 | 2022-2023 |
|---|---|---|
| Property Tax Rate | 0.5410 | 0.4627 |
| No-New-Revenue Rate | 0.4975 | 0.4538 |
| No-New-Revenue M&O Tax Rate | 0.4086 | 0.3587 |
| Voter Approval Tax Rate | 0.5542 | 0.4627 |
| Debt Rate | 0.1130 | 0.0958 |
| 2022-2023 Austin General Obligation Debt Service: $234,548,457 | ||