Notice of Tax Increase:
The City of Cedar Park adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate.
The tax rate will effectively be raised by 2.7 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $6.30.
Click here to see the Fiscal Year 2014 Adopted Budget Summary for the City of Cedar Park.
Fourth fastest-growing city in U.S. is lowering its tax rate
City balances growth, meeting service expectations
The City of Cedar Park was named by the U.S. Census Bureau the fourth fastest-growing city in the nation. With this phenomenal growth naturally comes a greatly increased demand for core services, such as public safety. Despite this growth, the Cedar Park City Council was able to lower the City’s property tax rate for homeowners and businesses due to conservative revenue forecasting and an ongoing commitment to fiscal responsibility. The Cedar Park City Council voted at its September 12 meeting to lower the City’s maximum ad valorem property tax rate from $0.493501 to $0.4925 for every $100 of commercial and residential property valuation.
Mayor Matt Powell says, “With more people shopping locally and our continued focus on seeking efficiencies, we were able to lower the tax rate while keeping a close eye on our future financial obligations. I believe that when local government can responsibly provide tax rate relief, they should.”
The $35M budget for Fiscal Year 2013-2014 focuses on maintaining core services, with an emphasis on public safety for Cedar Park’s rapidly expanding population.
City Manager Brenda Eivens says, “This budget maintains the service level important to our citizens’ quality of life, while meeting the demands that growth brings and funding the most significant transportation project in Cedar Park--the widening of RM 1431 from Parmer Lane to Sam Bass Road.”
Some highlights of the new budget include:
• An Assistant Police Chief, along with an additional Police Sergeant, Police Officer and Crime Analyst
• A Senior Planner and Building Inspector needed to service increasing growth and development, along with the rewriting of the City’s Development Code
• Updating of Fire Station Number 3, one of the busiest fire stations in Cedar Park
Eivens says that while the population growth has increased the demand for core services, it has also helped the City meet needs.
“The exciting thing is that the expansion of local restaurants and retailers that has followed this population trend has brought in an additional $614K over our projected $7.6M in local sales tax revenue for the General Fund this year,” Eivens says. “Looking to next year, we are projecting continued growth in local sales tax revenue, so these new opportunities for our citizens to shop and dine locally have definitely helped the City balance the growing demand for core services with maintaining our low property tax rate.”
Mayor Powell adds, “This City Council has stated that we will continue to be aggressively seeking commercial and employment opportunities in Cedar Park. These bolster our local economy and, if we are successful, should give us fiduciary opportunities in the years to come.”
The new budget will take effect for Fiscal Year 2013-2014, which begins October 1, 2013 and runs through September 30, 2014.
About Cedar Park
Cedar Park is the fourth fastest-growing city in the country according to the U.S. Census Bureau in 2013. It has been named one of the Fastest-Growing Suburbs in America by Forbes Magazine and one of the “Top Ten Places to Raise a Family” by Family Circle Magazine. Located 17 miles from downtown Austin, Cedar Park is the third largest city in the Austin area. Cedar Park is well-established¬–founded in 1887 and incorporated as a City in 1973. Cedar Park is currently celebrating its 40th year of incorporation. Cedar Park attracts residents from all over the globe because of its unique charm, close proximity to Austin and the Texas Hill Country, and the beauty surrounding the Lower Colorado River Lake System. Cedar Park boasts more than 860 acres of park land and offers a variety of family entertainment and recreation. Whether it is hiking, bicycling, water sports, live music, fine wine, great food, shopping, or any other activity, there is truly something for everyone in Cedar Park.
Cedar Park is located in the exemplary-rated Leander Independent School District, and is home to the Austin Community College Cypress Creek Campus. There are other institutions for higher learning located near Cedar Park including the University of Texas at Austin, Concordia University, Southwestern University Georgetown, Huston-Tillotson University, St. Edward’s University, Texas A&M Health Sciences Center, and Texas State University Round Rock Campus. More than two-thirds of Cedar Park citizens have at least some college education and nearly half hold a four-year degree or better. The largest portion of our population is under the age of 40 years old and the median household income is $74,156.
For two consecutive years, Cedar Park has been named by the Texas Department of Public Safety the Second Safest City of its size in Texas, and is one of approximately 60 cities across the nation with the highest fire protection class, an ISO 1 rating, from the Insurance Services Office. The Austin American-Statesman has also named the Cedar Park Fire Department one of the Top Workplaces in the Austin Metro Area.
Cedar Park is a city that truly espouses its core values of community, service, innovation, professionalism, integrity, leadership, and fiscal responsibility. These standards are at the heart of daily life for Cedar Park citizens, City leaders, City staff, and business leaders. Visit www.cedarparktexas.gov today to learn more about the City of Cedar Park!