The City of Austin prepares for the passage of some major bills at the Capitol.
Perhaps the most widely known is Senate Bill 2, seeing to impose a 3.5-percent revenue threshold on local property tax growth. The city has long sounded the alarm over that, but there’s also SB 1152, which would prevent Austin from collecting both cable and telecom fees from companies that provide both services.
Austin Deputy CFO Ed Van Eenoo said that, combined with a 3.5{870dce3150dcce8b7f57e497f1835ac6446de711f3b298b842add65a7b4249b0} limit on property tax revenue growth, will create a budget deficit that may climb above $58-million by 2024. Again, the city blames the state for the rising tax bills.
(Photo:Shutterstock/Natalia Bratslavsky)
