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(The Austin Bulldog)

The Austin City Council will vote Thursday to direct staff to calculate a proposed maximum property tax increase of 8% higher than the current revenue.

The vote is an administrative step that gives the council the flexibility to adopt a rate higher than the state cap of 3.5%.

Under a property tax law passed in 2019 (SB 2), cities are capped at a 3.5% revenue increase per year without voter approval, excluding revenue derived from new construction and improvements.

Read the full story at The Austin Bulldog.

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