DRIPPING SPRINGS – The Dripping Springs City Council approved the fiscal year 2020-2021 operating budget of $20,448,550, a number which reflects a balanced budget of revenues and expenditures. The council, knowing the economic challenges many could face due to COVID-19, balanced the budget with no increase in the property tax rate, keeping it at a 19 cents per $100 of assessed valuation. Some of the additional budget dollars derived from Ad Valorem have come from new properties either built or annexed into the city which require additional services and expenditures by the city.
The budget includes several transportation and park improvements. Some of the highlighted projects include:
Transportation
This budget provides for $425,000.00 in roadway maintenance, repair, and construction. This is the first year that solid waste revenues will be used to increase the roadway budget.
The city remains committed to traffic relief and has provided for additional funds toward major transportation improvements.
Parks
$172,000 in park improvements is slated to be completed in 2021. This is entirely funded by Parkland Dedication fees paid by developers to be used in developing park facilities.
Miscellaneous
The budget provides for the construction of downtown bathrooms to serve its residents and patrons of the downtown area.
Due city’s traditionally conservative approach to budgeting, the city is in a position of strength moving into the next Fiscal Year. The city has maintained reserves to handle economic uncertainties now and for future years.
For questions, please email [email protected] or contact the city at 512-858-4725. To view the approved budget in its entirety, please visit the city’s website at www.cityofdrippingsprings.com. Select the budget and tax rate tab located at the bottom of the page.
