Austin City Council Sends Property-Tax Hike to Voters
A property tax hike is headed to the ballot after Austin officials signed off on a $6.3 billion city budget for the upcoming fiscal year that leans on property owners to fill widening fiscal gaps.The Austin City Council approved raising the tax rate from $0.4776 to $0.574017 per $100 in property value, a more than 20 percent hike that requires voter approval under Texas law. If passed in the Nov. 4 election, the median homeowner would pay nearly $420 more next year, including about $300 in added taxes, Community Impact...