Austin approves $5.5B budget, largest in city history

Editor's Note: The video above shows KXAN Live's top headlines for Aug. 16, 2023AUSTIN (KXAN) -- Austin City Council voted in favor of adopting its $5.5 billion budget for the 2023-24 fiscal year, marking the largest-ever budget in city history.Alongside its budget, council approved the FY24 ad valorem property tax rate of 44.58 cents per $100 valuation, marking a 3.4% increase. Both the budget and tax rate were adopted on a 10-1 vote, with Council Member Mackenzie Kelly voting against both item