AUSTIN (KXAN) — This week, the City of Austin will adopt its 2022-23 budget and set a tax rate after weeks of discussion and workshopping. Starting Wednesday, city council members will approve or amend the budget brought to them earlier this year by Austin City Manager Spencer Cronk.
Fiscal Year 2022-23 starts on Oct. 1, which is when the new budget will go into effect. Here’s what you need to know.
The City of Austin said the proposed budget will result in Austin homeowners paying an average of $100 less in the city’s portion of their annual property tax bill compared to last year. Meanwhile, the city’s rates and fees for services like electricity and transportation are expected to go up.
“When changes to property taxes, rates and fees are combined, a typical Austin tax- and ratepayer would see a year-over-year increase of 2.7% — equivalent to an additional $10.07 per month or just over $120 per year, a release from the city said.
While Austin City Council members voted to raise the minimum wage for its employees to $22 per hour, the city manager’s preliminary budget for the coming fiscal year lists an $18 minimum wage with a gradual increase. There’s a chance the city could split the difference.
During a budget work meeting last week, council learned how much it would cost to pay its employees more. To hit a minimum wage of $18 per hour, it’s going to cost the city roughly $3.7 million, which is already built into...
KUALA LUMPUR: Two senior officers from the Survey and Mapping Malaysia Department (Jupem) are expected to be charged over allegations of abuse of power next week, says Tan Sri Azam Baki. The duo we...