Final update: Time to talk budget, tax rate is over
The Round Rock City Council approved the fiscal 2008 budget and tax rate on second and final reading Sept. 27, so the time for formal public comment is over. If you're still interested in learning more about the City's fiscal issues, we'll keep the complete budget posted on the City web site. We've also produced a video about the budget and posted it online.
The approved property tax rate is 36.522 cents per $100 of valuation. The average home value is $176,214, which translates into a City tax bill of $643.57. The tax rate includes the increase necessary to pay debt service on the final issuance of bonds approved by voters in 2001.
The budget includes new patrol officers, investigators and civilian staff for the police department. A new fire station will open later this year, and additional firefighters will be added to complete the department’s staffing needs.
The planned utility rate increase was also approved. It will go into effect Jan. 1, 2008. The new rate translates into about a 6 percent increase for the average utility customer.
When you combine the monthly impact to the average homeowner of property taxes and utility payments, Round Rock is the lowest in the region at $144.68. Compare that to the following: Leander $241.77, San Marcos $240.28, Hutto $226.33, Pflugerville $220.65, Austin $186.88, Temple $181.57, Cedar Park $176.31, and Georgetown $150.19.