For Austin, like most other Texas cities, property taxes are its single largest source of revenue for the General Fund. The second-biggest revenue source is sales taxes, as explained by Budget Officer Kerri Lang at Tuesday's City Council work session.
Overall, for homeowners paying fees in the typical range, city taxes and fees are projected to increase by 4.4 percent by Fiscal Year 2029.
Lang mentioned during her presentation that the city could hold a property tax election to allow the city to increase property taxes, projecting a deficit of $59.9 million for FY 2028-29 without such an increase.
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