Vanessa Fuentes on Aug. 3 (photo by John Anderson) After two long days of deliberation, City Council gave final approval late in the evening Thursday, Aug. 18, to a $5 billion "all funds" fiscal year 2023 budget. The General Fund, which is where your sales and property taxes go, accounts for about $1.3 billion of that budget, with more than 60% of that amount earmarked for public safety. Council approved a property tax rate of 46.27 cents per $100 of taxable value, which is right at the 3.5% maximum increase in total property tax revenue (the "revenue cap") allowed under state law and about 8 cents lower than the current year's tax rate.

https://www.austinchronicle.com/news/2022-08-26/city-base-wage-jumps-to-20-hour-for-next-fiscal-year/

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