Hutto City Council recently voted to adopt a budget and corresponding tax rate for Fiscal Year 2024, which started on Oct. 1, 2023. Click here to see the budget in full, and navigate across the tabs and drop-down menus to see further details by department and funding source.
City Council members had several robust and healthy discussions this year with each other, the community and staff on the appropriate level of funding for city services, programs and infrastructure, moving forward. Among numerous highlights, the budget included an additional half-million dollars towards police pay, plus the already planned compensation increases for night shift differential, step, and cost-of-living. This boost to funding will put Hutto Police well above the market average for law enforcement pay in Central Texas.
The total budget is approximately $352 million, with about four out of every five dollars going to capital improvements such as roads, water and wastewater projects. There is also an increase in street maintenance funding to $1.2 million for FY24 (through the tax rate, not through utility fees).
The adopted tax rate is .422114 per $100 of home value. (This is $0.000134 higher than the current tax rate.) Taking into account increased in homes' appraised values, the projected impact on average homestead residences is shown in the table below.
As part of these budget talks, the Council also decided to hold steady with a 20% reserve balance in case of emergencies.