News Review
Adopted Tax Rate
Posted Date: 9/21/2012

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 2.76 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.95.

FY 2013 Budget includes no tax rate increase
City responds to 7.8% growth in new residences

The City of Cedar Park City Council adopted the City’s budget for Fiscal Year 2013 at the Thursday, September 13 City Council Meeting. Even with the city’s growth, the $33.6M adopted budget maintains the same high quality of service for Cedar Park citizens, businesses, and visitors without raising the tax rate. To view a summary of the FY 2013 Budget, click here.

Cedar Park experienced significant population growth this past year with the addition of about 1,500 new residences. This represents approximately 5,000 new citizens, which increases the demand for City services. However, successful economic development initiatives generated an additional $600K in sales tax revenue in FY 2012. This will allow the City to address some longtime community needs through an FY 2012 budget amendment which was passed during the August 9 meeting. In FY 2013, the increased sales tax projections will be applied towards ongoing operations and allow for maintaining the current ad valorem tax rate.

The FY 2012 budget amendment is mostly related to public safety and covers:
• Replacement of one quint fire truck and one fire engine
• Implementation of a public safety technology project which features computer-aided dispatch, records management, auto vehicle location, automated fire station alerting system and mobile field reporting

The FY 2013 budget maintains the existing tax rate and provides for additional resources necessary to maintain current services to our growing population. Highlights of the budget include:
• A workforce investment proposal to adjust the pay of police officers and firefighters to more competitive levels with neighboring cities
• A pay for performance program for civilian employees
• Additional positions in the workforce related to public safety, technology, human resources, community services, and development services
• Consideration of a proposal to manage, maintain and operate TxDOT traffic signals on Bell Boulevard (US 183), Whitestone Boulevard (RM 1431), and Parmer Lane (FM 734)

The first reading and public hearing of the budget and tax rate was on August 23. A second reading of the budget and public hearing was September 6. The third reading and vote on the budget took place on Thursday, September 13. A copy of the finalized adopted budget will be available in December.