$3.9B balanced budget approved by Austin City Council

AUSTIN (KXAN) — A budget totaling roughly $3.9 billion was approved by Austin City Council Wednesday night for the 2017-2018 fiscal year.
The property tax rate within the new budget is 44.48 cents per $100 of property valuation, the city said in a statement.
With the rate of 44.48, the city tax bill for the projected median-priced non-senior home with a standard homestead exemption is estimated to be $1,250 per year or $104.18 per month, the city said, representing a $9.77 approximate incr