Round Rock City Council Approves Proposed FY23 Budget and Tax Rate at First Reading
Round Rock City Council voted 7-0 Thursday, Aug. 25, at first reading to approve a $555.5 million budget for fiscal year 2023, which begins Oct. 1. The FY23 tax rate was also unanimously approved at first reading. A second reading on both points will take place at the September 8 city council meeting.
The proposed budget includes the following highlights:
- Construction of a new Fire Station #1 will begin in 2023 with an expected completion in 2024 to improve response times
- Six additional firefighters and equipment for a new team to improve the city’s response
- Thirteen additional police and a crisis response unit communications post making Round Rock one of the safest cities in the country
- With support staff, including two additional public safety mechanics and a Additional guardian for the PSTC
Parks and recreation
- Major works and funding for the City’s trail network, including Heritage Trail East, Lake Creek Trail and West Heritage Trail
- Pursue popular family events such as Fourth of July parade and party at the OSP, light up the lake, Hometown Holiday Lights and more
- Freeman Park, Skate Park, High Country Park, Bowman Park and Yonders Point at Old Settlers Park will all see improvements
- Eighteen new positions for recreational programs, to maintain trails, and to ensure the safety of the park and trail system
Transportation and utilities
- $4.3 million for neighborhood street maintenance (Round Rock has committed $37 million to neighborhood streets since 2015)
- Completion of Widening of University and University East Boulevards and segments of the Kenney Fort Blvd. extension
- Construction begins to expand and improve Greenlawn Boulevard, County Road 112, Red Bud Lane, and segments of Way to Gattis school
- Extensive engineering and personnel work to prepare for upcoming road improvement projects – including Wyoming Springs Extension and the next segment of Gattis School Road
- Complete construction of the Brushy Creek Regional Wastewater System Expansion project in the summer of 2023
Downtown and Round Rock Public Library
- New 60,000 square feet public library opening January 2023
- New 300 seats downtown car park opening January 2023
- Transportation and utility infrastructure improvements in the northeast of the city center will be completed
- Planning and design to reuse existing library for Arts, Go Round Rock, the round rock chamber and public space
On August 11, the city council voted to set a proposed maximum property tax rate of 34.2 cents per $100 of assessment for the 2023 fiscal year.
At the proposed rate, the owner of a home with a median assessed value of $369,169 would pay an average of $1,263 next year in municipal taxes, an increase of $5 per month from the current rate. However, many homeowners with property caps, which limit assessed values above 10% each year, may actually see a decrease in taxes paid to the city this year due to commercial and non-family properties paying a share. much higher property taxes due to rising valuations and growth.
This proposed tax rate is lower than previous years, and is the lowest proposed among cities in our region; however, the proposed rate for fiscal year 2023 is higher than the “no new revenue” rate of 32.6 cents, which would increase the same amount of revenue as last year on existing properties based on property valuations from This year. The additional 1.6 cents are needed to pay the final $21.7 million in bonds for the new library approved by voters in 2013, as well as increased resources for public safety, including 13 new police officers and six new staff. for the fire department.
More information about local entity property tax rates, including how much you owe each taxing entity under their proposed tax rates, can be found at williamsonpropertytaxes.org for residents of Williamson County and on travistaxes.com for residents of Travis County.
There are no increases in rates or utility charges in the budget.
Learn more about the City of Round Rock’s proposed fiscal year 2023 budget at roundrocktexas.gov/budget.