Austin Monitor

Austin City Council
8:26 am
Thu February 6, 2014

City’s General Fund Ends Fiscal Year 2013 with $14 Million Surplus

Mayor Lee Leffingwell says a city budget surplus should go to "preserve … and potentially maintain the property tax rate, or even reduce it.”
Jeff Heimsath for KUT News

This article is written by KUT's Austin City Hall reporting partner, the Austin Monitor (formerly In Fact Daily). 

The City of Austin’s General Fund ended fiscal year 2013 with a $14.2 million surplus. That figure amounts to a roughly 1 percent variance from projections made by city staff.

Despite the positive figure, Austin’s Chief Financial Officer Elaine Hart told members of the Council’s Audit and Finance Committee Wednesday that management was not planning on coming forward with a mid-year budget adjustment.

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