The Austin City Council Tuesday afternoon adopted a $3.1 billion spending plan that will increases the property tax rate beginning Oct. 1.
The vote was 6-1, with Mayor Lee Leffingwell voting against the budget plan. He had asked for more budget cuts, but the idea was rejected.
The property tax rate will increase from 48.11 cents to 50.29 cents per $100 of property valuation. The tax bill for the projected median-priced home is estimated to be $897 per year or $74.75 per month. This is an approximate increase of $1.67 per month for the owner of a median-priced home, estimated at $178,327.