City passes 2018 budget
Bee Cave City Council met on September 12th and passed a budget that local news media are branding as conservative and "tame"
The primary points of the budget are:
- Sales Tax Revenue was budgeted at $9MM - down from $9.6MM last year.
- Property Tax remained at 2c per $100, one of the lowest in the State
- Two new employees for 2018
- Questions are being raised over how to use the Hotel Occupancy Tax
- Bill Goodwin noted the increasing costs of the Police Department
City councillors took to their social media accounts to remind residents that local spending was important to support a low tax rate. No numbers have been seen on the impact of the major new 620 corridor retail and restaurants on sales tax in Bee Cave vs Lakeway.
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