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Cedar Park adopts $215.2 million FY2026 budget, sets 36¢ tax rate and approves $32M certificates of obligation
Summary
At its Sept. 11 meeting, the Cedar Park City Council adopted the fiscal year 2026 budget, set the property tax rate at 36¢ per $100 of value, approved notice to issue up to $32 million in certificates of obligation and allocated $88,500 in community support funding.
The Cedar Park City Council on Sept. 11 adopted a $215,200,000 fiscal year 2026 budget, set the city’s property tax rate at $0.36 per $100 of taxable value and approved publication of the city’s intent to issue certificates of obligation totaling up to $32,000,000.
The budget approved by the council allocates $82,800,000 to the general fund and $45,000,000 to the utility fund, with the remaining $87,400,000 spread across restricted and special revenue funds. City staff said public safety accounts for roughly 53% of budgeted general fund expenses. Staff presented a revenue mix with property tax representing about 40% of revenues and sales tax about 30%.
City finance staff advised that the proposed tax rate of 36¢ is a small decrease from the prior rate by cents, but the council also voted to ratify the property tax increase reflected in the budget package as…
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