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Austin faces shrinking tax rolls with budget cuts ahead

Austin anticipates declining value on its tax rolls to support city operations this year, thanks to a slowdown in local development activity and rising property tax challenges or exemptions.

The details: Overall taxable value is now in line to decline for the second straight year as city officials expect to face another challenging budgeting cycle this summer. Slower than expected construction, increased business tax exemptions and widespread property appraisal appeals are among the factors cited by the city for the changes.

What's next: Coming up, City Council will be discussing other aspects of city finances and potential tax increases as the fiscal year 2026-27 budgeting process gets underway.

 
On The Transportation Beat
Airport Boulevard, Zilker pedestrian improvements: 3 Central Austin transportation updates to know

Here are some ongoing and completed transportation projects to check out in the Central Austin area.

Completed projects

Airport Boulevard Shared-Use Path

Project:
The city completed a new shared-use path along the west side of Airport Boulevard between East 51st Street and Middle Fiskville Road.

Update: The project reached completion in early April.

  • Timeline: summer 2024-spring 2026
  • Cost: $6.9 million

Zilker Multimodal Improvements

Project: The city added a new 0.7-mile shared-use path around the Zilker Botanical Garden and enhanced bus stops as well as a crosswalk signal and crosswalk across Barton Springs Road at the Botanical Garden.

Update: City officials celebrated the completion of the project with a ribbon-cutting ceremony in early April.
  • Timeline: 2019-spring 2026
  • Cost: $2.8 million

Ongoing projects

Burnet Road Corridor

Project:
Construction work is underway on Burnet Road from Koenig Lane to MoPac, including the realignment of Burnet Lane at Burnet Road, traffic signal upgrades, shared-use paths, crosswalk signals and drainage improvements.

Update: Officials broke ground on the corridor in early March.
  • Timeline: March-late 2028 to early 2029
  • Cost: $59.5 million

 

Your Weekend To-Do List

Check out these weekend events across the metro area.

Encore for the Palace: A Benefit Concert

Austin Reggae Festival

April 17-18, 7:30 p.m.
Georgetown

April 17-19
Austin

More info

More info

 

Earth Day & Arbor Day Celebration

Springfest

April 18, 9 a.m.-noon
New Braunfels

April 18, 11 a.m.-3:30 p.m.
Bastrop

More info

More info

 
To submit your own event, click here.

CI Texas
Judge temporarily lifts Texas ban on smokable hemp sales

Texas retailers can resume selling smokable hemp products after a Travis County judge temporarily blocked some of the state’s sweeping new regulations on the hemp industry.

The background: On March 31, the state health department enacted rules changing how THC content is measured in consumable hemp, which industry experts said effectively outlawed most smokable hemp products.

The Texas Hemp Business Council, a federal hemp industry group, and several local hemp companies sued the state April 8, arguing that the state health department does not have the authority to reclassify legal THC levels. State officials have defended the rules, saying they are in line with a September executive order by Gov. Greg Abbott, who at the time called for stricter oversight of the multibillion-dollar hemp industry.

The latest: Travis County District Judge Maya Guerra Gamble sided with the hemp industry in an April 10 ruling, directing the state not to enforce the new THC testing requirement and a restriction on the transportation of hemp products between states. An additional hearing is scheduled for April 23.

 

Your local team

Elle Bent
Editor

Krista Box
General Manager

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