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Cedar Park council adopts $203.6 million FY2025 budget and sets tax rate at $0.363000
Summary
The Cedar Park City Council approved the FY2025 municipal budget totaling $203.6 million and adopted a property tax rate of $0.363000 (a 3.5% effective increase) during its Sept. 12 meeting; the budget passed 6-1 and the tax rate passed unanimously, 7-0.
The Cedar Park City Council adopted the fiscal year 2025 municipal budget and set a $0.363000 property tax rate at its Sept. 12 meeting. Finance Director Kevin Klosterboer presented highlights of the proposal, saying the “Total Operating Budget [is] $203.6 M; General Fund $78.1 M; Utility Fund $43.5 M; Restricted Funds $82.0 M.”
Councilmember Kevin Harris moved to approve the budget ordinance, and Councilmember Heather Jefts seconded. Councilmember Mel Kirkland offered a friendly amendment to remove funding for a proposed microtransit pilot until more data is available; the movant did not accept the amendment and the motion to adopt the budget passed 6-1, with Kirkland casting the lone dissent. The council then held a related vote to adopt a tax rate of $0.363000, comprised of $0.190886 for maintenance and operations and $0.172114 for interest and sinking; that motion passed 7-0. The council also moved to ratify the property tax revenue increase reflected in the adopted budget; that ratification was approved by recorded motion.
Why it matters: the adopted budget sets the city’s spending and revenue priorities for the coming year, locks in the tax levy that funds general operations and debt service, and preserves funding streams for public safety, capital projects and utilities highlighted during the presentation. Next steps: the ordinance adopting the budget (BF36.24.09.12.H1) and the ordinance setting the tax rate (BF37.24.09.12.H2) were recorded in the minutes and will take effect per city ordinance and state timelines.
