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The Buda City Council unanimously approved the FY 2017-18 Tax Rate and Budget at the September 19, 2017 council meeting.FY 2017-18 Tax Rate•The 2017-18 tax rate is .3673 (2016-17 current tax rate is .3704 per $100 of valuation) •2017 Total Taxable Value is $1,561,827,449. Taxable value to City is $1,465,308,416. •A tax rate of .3673 will generate $5,736,592 in total revenue (.2614 I&S = $4,082,617 and .1059 M&O = $1,653,975)•The current 2017-2018 budget includes revenues at a tax rate of .3673. For a homeowner with an average value of $228,000 last year compared to the average value of $242,000 in 2017, tax rate cost will be $42 more per year, or $3.50 per month.•The overall tax rate decreased from the current year. A decrease of $.0134 occurred on the maintenance and operations (M&O) portion of the tax rate, and the debt portion of the tax rate increased by $.0103 over the current year. The debt increase is due to the increased debt payments required for the City’s debt issuance for the $55 million bond program that was approved by voters in the November 2014 election. At a tax rate of .3673, the City will generate $277,401 more property tax revenue than the previous year. Total taxable value to the City increased by $67.72 million over last year, and the maintenance and operations revenue is estimated to be $1.65 million.Budget Breakdown•Revenue: $29,052,564, excluding capital improvement•Expenditure: $31,820,808, excluding capital improvementFY 2017-18 Budget Expenditures•Capital Improvement Expenditures: $60,465,588Link to Capital Improvement Plan FY 2017-18 thru FY 2021-22Capital Improvement Plan FY FY 2017-18 thru FY 2021-22