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– Welcome to –

MyCedarParkBudget.com

This website is dedicated to providing you with highlights
from the City of Cedar Park Fiscal Year 2019 budget.

NEXT IMPORTANT DATE //

October 1, Fiscal Year 2019 Begins

Cedar Park Core Values

Our core values are at the center of the decision-making process.

City Council

The City Council serve as the legislative and governing body of the City, and refer to these core values for guidance in their decision making. The Mayor and six Council Members are elected to their respective offices by the qualified voters of the city. All positions are elected at large, meaning no council member represents a specific area or district of the city. Each member serves a two-year term.

Pictured from left to right are Mayor Corbin Van Arsdale and Council Members Heather Jefts, Mel Kirkland, Michael Guevara, Stephen Thomas, Anne Duffy and Dorian Chavez.

Cedar Park Collage

Introduction

Cedar Park has been named one of the most desirable places to live. One of the safest places in Texas. One of the best places for business. And one of the best places to raise a family.

As stewards of your public dollars we take great pride and responsibility in creating a City budget each year that helps make Cedar Park an even better place for you and your family. From providing important services such as public safety, to managing and funding necessary capital improvement projects, we’re working to exceed your service level expectations while managing a low tax rate.

MyCedarParkBudget.com is a special place, too. Here, you can see how your tax dollars are invested to advance our community’s priorities and shape our City’s future. Go ahead. Scroll down. Click around. We’re glad you visited.

FY 2019 Budget Timeline

August 9

Regularly Scheduled
City Council Meeting
FY 2019 Proposed Budget
presented to City Council;
Max tax rate* set at
$0.45500 per $100 valuation

August 20

Budget and Tax
Notices in Newspaper

August 23

Regularly Scheduled
City Council Meeting
Public Hearing #1

September 6

Special Called
City Council Meeting
Public Hearing #2

September 13

Regularly Scheduled
City Council Meeting
Adoption of Budget;
Tax rate set at
$0.44900 per $100 valuation

See video of budget adoption

Budget Fundamentals

What is “ad valorem?”

What is “ad valorem?”

Ad valorem is Latin for “according to value”, and is also a term used to describe property tax.

How is a property tax rate determined?

How is a property tax rate determined?

In keeping with our core values of fiscal responsibility and innovation, we run a lean machine in Cedar Park! Each year, our City Council looks at the City’s expenses, reviews the priors year’s tax rate, examines assessed property values, sets a budget and determines the rate needed that will bring in the amount needed to cover those expenses.

How is property tax collected?

How is property tax collected?

The County Tax Assessor-Collector collects your property taxes for the City, County, school district, college district and other taxing entities, then sends those tax dollars to each of these entities.  Less than 20% of your total tax bill goes to the City of Cedar Park.

What is the tax revenue used for?

What is the tax revenue used for?

Quite simply, the revenue collected by the City of Cedar Park is used to provide services and infrastructure necessary for the City to function.

What is a Fiscal Year and when does it begin?

What is a Fiscal Year and when does it begin?

A Fiscal Year, commonly denoted “FY”, is a 12-month period for taxing and/or accounting purposes. For the City of Cedar Park the Fiscal Year begins October 1 and ends September 30 of the following year.

Where can I find the FY 2019 budget?

Budget Highlights

Lowest tax rate in 16 years

The Cedar Park City Council adopted ad valorem property tax rate of 44.9 cents for every $100 of property valuation. Combined with the new homestead exemption that City Council unanimously passed last spring, the average Cedar Park homeowner will see a very minimal impact in his or her property taxes paid to the City of Cedar Park in 2019.

Keeping Cedar Park safe

Cedar Park is one of the Safest Communities in Texas, and this year’s budget demonstrates the City’s continued commitment to public safety. In fact, half (50 percent) of the General Fund operational budget goes towards public safety. The budget includes three new Police positions, three redirected Police positions, and two Fire positions.

Managing stormwater

In May 2018, 77.21 percent of voters approved a proposition to redirect one-fourth of the Type A Sales Tax to establish a stormwater drainage program. The program is comprised of four components: project management, infrastructure projects, maintenance and State and Federal regulation compliance costs. This year’s budget includes funding for four new positions and other stormwater related costs.

Big projects

The budget includes $15.7 million in capital projects, many funded by Type B Community Development Sales Tax, such as additional sidewalks, the expansion of bike lanes, Brushy Creek Sports Park improvements, recycling at City parks, and utility-funded projects for various water and wastewater infrastructure improvements.

Bond projects

The FY 2019 budget also reflects the beginning of payments on voter-approved bonds taken down in 2018. Residents will see work on several of these major voter-approved bond projects including Anderson Mill Road Phase II, the extension of New Hope Drive to Sam Bass Road, the Bell Boulevard roadway realignment project, Phase One development of Lakeline Park, and the beginning of design work for a new Library.

Creating opportunities

Growing our local economy is one of the City’s primary goals. This year’s budget includes funding for Economic Development as part of our continued commitment to attract great businesses and grow our local job market.

Investing in enhanced Right-of-Way mowing

The beautification of our community is important. This year’s budget includes funding to bring right-of-way mowing services in-house to enhance service.

Investing in our workforce

Whether it’s keeping our community safe, our parks clean, our roads clear or our water flowing, City staff work hard to make Cedar Park one of the best communities to live. This year’s budget includes work step increases for public safety and pay for performance for non-public safety positions.

Keeping up with growth

As the community continues to grow, so does the demand for core support services. This year’s budget includes additional funding for support services such as facilities maintenance, finance, human resources, GIS and cyber security.

FY 2019 Budget Financial Figures

Ad Valorem Tax Rate

City Council approved a tax rate of $0.44900 per every $100 of home valuation.

The total tax rate is comprised of two components: Maintenance and Operation (M&O) and Interest and Sinking (I&S). The M&O portion of the tax rate is what keeps the City running by funding day to day operations such as police, fire, parks, public works and other services. The I&S portion of the tax rate is used to pay debt that is issued by the City to fund capital investments (like infrastructure). This is calculated by looking at how much it will cost to pay the City’s debt for the upcoming fiscal year.

Tax Rate History

This FY19 tax rate represents the lowest tax rate in 16 years, and this is the sixth consecutive year the City Council has lowered the tax rate.

How are your property tax dollars used?

Interactive Tool

See how your tax dollars are spent on an annual basis for day-to-day operations. Remember, the M&O portion of the tax rate is used for day-to-day operations, and accounts for about half of the City’s total tax rate. Enter your appraised home value to see how your tax dollars are used to fund City services.

Not sure what your appraised property value is? You can use your Appraisal District’s website to search for your property.

Williamson Central Appraisal District
(www.wcad.org)

Travis Central Appraisal District
(www.traviscad.org)

Total Operating Budget – $141.6 M

The chart below shows our total operating budget. The General Fund is funded by property tax, sales tax, and user fees and is used to fund day to day operations. The Utility Fund is funded by monthly water bills and is used for our water and wastewater systems and services. The Restricted Funds category is comprised of various funds that are restricted to specific uses such as 4A (economic development), 4B (community development), Debt Service, Cable Fund, Public Arts, etc.

General Fund – $56.2M

The two charts below show the City’s revenues by resource and expenditures by service category.

General Fund Revenue Sources
Total: $56.2M

General Fund Expenditures
Total: $56.2M

FY 2019 Budget

FY 2019 Proposed Budget

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