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Kyle council holds first reading of $365.3 million budget and votes to keep tax rate at $0.4693
Summary
On first reading the council reviewed the FY2024–25 budget (total $365.3M) and held the required public hearings; council voted to adopt a proposed tax rate of $0.4693 per $100 (above the 'no new revenue' rate) and passed an ordinance ratifying the increase reflected in the budget.
Council reviewed the city’s proposed FY2024–25 budget on Aug. 20 and opened the statutory public hearings required for adoption. Staff summarized highlights: total budget for all city funds $365.3 million; general fund $83.1 million; the five‑year capital plan totals $848.4 million. Two new fees for open‑records requests were proposed (an $18.75 hourly labor charge plus a 20%…
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