FY 2020 Proposed Budget, Tax Rate

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


About next 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.

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. See below for a timeline of important dates in the budget timeline, including chances for public input.

Budget Breakdown

*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 $444.7 million spending plan for Fiscal Year 2020, which begins Oct. 1, 2019, and ends Sept. 30, 2020. The document covers the tax rate, other rates (water, solid waste, etc.) and funding priorities.


Proposed property tax rate

The tax rate needed to support the currently proposed budget is 43.9 cents per $100 of valuation, which is an increase of 1.9 cents from the FY 2019 City property tax rate. The proposed rate is an increase of approximately 3.7 cents from the effective tax rate, which is the rate that generates the same amount of revenue as last year based on the growth in property values from last year.

Of that 3.7 cent increase, 1.5 cents is for road projects, a .5 cent is for new public safety equipment, 1.7 cents is for operating costs associated with public safety and the City’s general fund.

TRY OUR PROPERTY TAX CALCULATOR:
Calculate how much you’ll pay in City property taxes based on your home value, and see how those dollars are distributed


 

 

Strategic Plan Goals

The City’s Strategic Plan, updated annually by the City Council at its annual retreat in February, is implemented through the budget process and shapes the City’s priorities. 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

Blog posts

Check out our ongoing series of blog posts about key aspects of the budget and tax rate proposal:

 

 

Key dates

  • July 25 — Williamson Central Appraisal District certifies tax rolls
  • July 25 — Vote to approve Fiscal 2019 operating budget for the Round Rock Transportation and Economic Development Corporation (Type B)
  • Aug. 6 — City Council holds packet briefing and budget work session on the proposed budget and tax rate
  • Aug. 8 — City Council holds annual budget workshop
  • Aug. 20 — City Council packet briefing and work session on the proposed budget and tax rate
  • Aug. 22 — Regular City Council meeting
    • Council vote to publish and propose maximum tax rate, set public hearings
    • Budget public hearing
    • First reading of the budget ordinance
  • Aug. 30 — Travis Central Appraisal District certifies tax rolls
  • Sept. 12 — Regular City Council meeting
    • Final adoption of the budget ordinance
    • The first public hearing on the tax rate
    • First reading of tax rate ordinance 
  • Sept. 19 — Second tax rate public hearing at regular City Council meeting
  • Sept. 26 —  Council adopts final tax rate ordinance, ratifies property tax rate