Fiscal 2019 Proposed Budget, Tax Rate

The City of Round Rock is regularly recognized for its outstanding work, including fiscal stewardship. Our Blueprint for Success makes it all possible by drawing from our City Council‘s strategic planning and our strong track record of fiscal responsibility.

About this year’s budget

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. On July 26, the City Manager’s presented a Budget Workbook to council members for fiscal year 2019.

Budget discussions provide a starting point for the City Council’s priorities for specific programs and projects to be funded for the upcoming fiscal year. The City Council has and will continue to make slight changes to finalize the budget before approving it in September.

Budget breakdown

Totals for FY 2018$356.9 million
General Fund$126.5 million
Total Capital Improvement Program$137.8 million
All Other*$92.6 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 easy-to-read one-page overview to assist the public in understanding and assessing the $356.9 million spending plan for Fiscal Year 2019, which begins Oct. 1, 2018, and ends Sept. 30, 2019. The document covers the tax rate, other rates (water, solid waste, etc.) and funding priorities.

An overview of the spending plans and revenue estimates can also be viewed in the Budget in Brief.

Proposed property tax rate

The proposed tax rate is 42.000 cents per $100 of valuation, which is a decrease of 1 cent from the current City property tax rate. The proposed rate is an increase of 1.4 cents from the effective tax rate, however, which is the rate that generates the same amount of revenue as last year based on the 6 percent growth in property values from last year.

Of that 1.4 cent increase, 1 cent is for street maintenance projects, .3 cents is for operating costs associated with voter authorized bonds from the 2013 election and 0.1 cents is for additional operating costs to keep up with rising costs and growth.

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:

  1. Financially Sound City Providing High Value Services
  2. City Infrastructure: Today and for Tomorrow
  3. “The Sports Capital of Texas” for Tourism and Residents
  4. Great Community to Live
  5. Sustainable Neighborhoods — Old and New
  6. Authentic Downtown — Exciting Community Destination

Learn more

Key dates

  • July 25 —Williamson Central Appraisal District and Travis Central Appraisal District certify tax rolls
  • July 26 — City Council annual budget work session
  • July 26 — Vote to approve Fiscal 2018 operating budget for the Round Rock Transportation and Economic Development Corporation (Type B)
  • Aug. 9 — City Council vote to publish and propose maximum tax rate, set public hearings
  • Aug. 21 — City Council packet briefing and work session on proposed budget and tax rate
  • Aug. 23 — Regular City Council meeting
    • First tax rate public hearing
    • Budget public hearing
    • First reading vote to adopt tax rate and budget ordinances
  • Aug. 30 — Special called City Council meeting for second tax rate public hearing
  • Sept. 13 — Regular City Council meeting
    • Final adoption of tax rate and budget ordinances
    • Final adoption of utility rate ordinances
    • Ratify property tax rate