Budget, taxes and the efficiency audit
Where it standsIn August 2026 the council adopted a $6.6 billion FY2027 budget and set the property tax rate at the most allowed without voter approval, after voters rejected a larger increase in November 2025.
What's on the tableThe FY2028 budget and tax rate, and how to act on the citywide efficiency audit; voters also decide Proposition I on Nov. 3.
- The FY2026-27 tax rate was set at $0.579948 per $100 of property value, the maximum allowed under state law without seeking voter approval. Community Impact · Aug 12, 2026
- The council approved the budget 9-2, with Mayor Kirk Watson and Council Member Marc Duchen voting against. Austin Current · Aug 12, 2026
- Proposition I would amend the charter to require an independent audit of all city operations every five years. Austin Current · Jul 15, 2026
- In February the council approved an ordinance requiring recurring efficiency assessments of all city departments every three years. Austin Current · Jul 15, 2026