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(Daniel Oberhaus/CC)

Elon Musk, Tesla founder and new Austinite, paid a true tax rate of 3.27% between 2014 and 2018, according to a bombshell report published by ProPublica this week. The investigative newsroom tallied up how much he paid in taxes relative to how much his wealth grew over the four-year period to come up with what it is calling a "true tax rate."

Austinites, regardless of their income bracket, paid a higher federal income tax rate than this. The only question is: How much higher?

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Travis County has a higher fully vaccinated rate than the state overall. But it is also reporting starker disparities across demographic groups. (Jordan Vonderhaar)

More than 55% of Travis County residents 12 and older are fully vaccinated, compared to less than 45% of Texas residents 12 and older, according to the Texas Department of State Health Services. Despite outperforming the state in terms of overall vaccination rates, the county is reporting starker disparities across its demographic groups.

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Austin City Council approved a 20% homestead exemption on property taxes Thursday. (Austonia staff)

Austin City Council voted to double the city's property tax homestead exemption to 20%, the maximum allowed by state law, on Thursday. City staff estimate that the median homeowner would save $141 in Fiscal Year 2021-22 under this new rate.

Homeowners pay property taxes to multiple entities, including Austin ISD, Travis County, Central Health and Austin Community College District, in addition to the city of Austin. The city's tax rate accounted for less than a quarter of the combined tax rate levied by these five entities.

Supporters say the increased homestead exemption provides necessary tax relief as home values continue to skyrocket—and after council approved approximately $50 million in pandemic-related rental relief. But opponents raised concerns about the percentage-based exemption, which they say disproportionately benefits high-value homeowners and shifts the tax burden onto commercial property owners, who could push it onto renters.

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American Airlines announced 14 new flights from Austin Thursday. The airline previously announced 10 new routes in March. (American Airlines)

American Airlines announced 14 new routes departing from Austin on Thursday. The routes will begin this fall and include 10 domestic destinations and four international ones.

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