Austin's City Council has approved the budget for the next two years. This means your tax money will be allocated differently, so get ready for some shifts in city services and projects.
At a glance
Rising — being discussed more frequently. 3 mentions in the last 30 days, 1 the 60 before, 1 the 90 before that.
The city will issue over $1.3 billion in bonds, impacting future debt service and potentially hotel occupancy taxes.
The tourism industry, local businesses, and the city's economy are expected to benefit from an expanded convention center.
None identified, as this is a review of potential funding.
The council authorized over $1.3 billion in bonds to fund the expansion of the Austin Convention Center. This aims to boost tourism, economic activity, and local jobs.
The committee looked at requests for federal money for community projects and other legislative updates. This is about securing resources for important city initiatives.
A look at the city's financial forecast helps residents and council understand where money is coming from and going over the next five years, impacting services and taxes.
Proposed changes to the city's rules for borrowing money could affect how future projects are funded and the city's debt levels.
The committee is exploring how to create a structured plan for future city bond programs. This is important for ensuring the city can fund necessary infrastructure and community projects in an organized and responsible way.
Austin City Council Approves Amended Fiscal Year 2025-2026 Budget City of Austin (.gov)
Here's what would be funded by Prop Q, the proposed tax rate increase on Austin's ballot KUT