The City of Round Rock is regularly recognized for its outstanding work, including fiscal stewardship. With this year’s budget, we’re sharing the secret of Round Rock’s Recipe for Success — strategic planning backed by a healthy serving of fiscal responsibility.
The City’s fiscal year is Oct. 1 through Sept. 30. In the spring the City begins the annual budget process to determine the needs of the City. Here is the City Manager’s proposed Budget Workbook for fiscal 2018, as presented to the City Council on July 13. The City Council adopted the budget on September 14, 2017. The Adopted Budget Book will be posted upon completion.
The Adopted Budget provides a starting point for the City Council’s important discussion on the specific programs and projects to be funded for the upcoming fiscal year. The City Council has and will continue to make slight changes to knead and mold the budget into its final form.
|Totals for FY 2018||$330.0 million|
|General Fund||$110.8 million|
|Total Capital Improvement Program||$136.9 million|
|All Other*||$82.3 million|
*Includes Water and Wastewater Utility, Hotel Occupancy Tax, Drainage, Type B (transportation and economic development sales tax), and other special revenue funds
The Finance Department has prepared an updated one-page overview to assist the public in understanding and assessing the $330 million spending plan for Fiscal Year 2018, which begins Oct. 1, 2017, and ends Sept. 30, 2018. The document covers the tax rate, other rates (water, solid waste, etc.) and funding priorities.
We have also created an overview of the spending plans and revenue estimates in the Budget in Brief.
Adopted property tax rate
The adopted tax rate is 43.000 cents per $100 of valuation, an increase of 1/2 cent from the current rate.
|FY 2017 Actual||FY 2018 Adopted||$ difference|
|Median residential property value||$208,906||$227,715||$18,809|
|Median annual tax bill||$888||$979||$91|
Strategic Plan goals
The City’s Strategic Plan, updated annually by the City Council at a February retreat, is implemented through the budget process. Here are the six long-term goals:
- Financially Sound City Providing High Value Services
- City Infrastructure: Today and for Tomorrow
- “The Sports Capital of Texas” for Tourism and Residents
- Great Community to Live
- Sustainable Neighborhoods — Old and New
- Authentic Downtown — Exciting Community Destination
We’ve written a series of blog posts about key aspects of the budget and tax rate proposal.
- July 13 — City Council holds annual budget work session
- July 25 — Williamson Central Appraisal District and Travis Central Appraisal District certifies tax rolls
- July 27 — Vote to approve Fiscal 2018 operating budget for the Round Rock Transportation and Economic Development Corporation (Type B)
- Aug. 10 — City Council vote to publish and propose maximum tax rate, set public hearings
- Aug. 22 — City Council packet briefing and work session on proposed budget and tax rate
- Aug. 24 — Regular City Council meeting
- First tax rate public hearing
- Budget public hearing
- First reading vote to adopt tax rate and budget ordinances
- Aug. 31 — Special called City Council meeting for second tax rate public hearing
- Sept. 14 — Regular City Council meeting
- Final adoption of tax rate and budget ordinances
- First reading of utility rate ordinances
- Sept. 28 — Regular City Council meeting for final adoption of utility rate ordinances.