Description
Title: Approve a resolution adopting a maximum proposed property (ad valorem) tax rate that will include an increase for the operations and maintenance of the City for Fiscal Year 2026-2027; and setting a public hearing to receive and consider public comment on the Fiscal Year 2026-2027 property (ad valorem) tax rate (Suggested date, time, and location: August 12, 2026, at 10:00 a.m., Austin City Hall, 301 West Second Street, Austin, Texas). Funding: This item has no fiscal impact as it is not the final action to set the Fiscal Year 2026-2027 tax rate.
Summary
The City of Austin is considering a resolution to establish a maximum proposed property ad valorem tax rate for Fiscal Year 2026-2027, which will include an increase to support city operations and maintenance. A public hearing is scheduled for August 12, 2026, at 10:00 a.m. at Austin City Hall to gather public comments on this proposed tax rate. This resolution is part of the Truth-In-Taxation process, which mandates that local governments inform the public when tax rates exceed certain thresholds. While the resolution sets a maximum rate, it does not finalize the tax rate, allowing the City Council to adopt a rate at or below this maximum after further deliberation. This process is important for transparency and community engagement regarding fiscal