Approve an ordinance amending Ordinance No. 20250813-005 adopting the City of Austin Budget for Fiscal Year 2025-2026, beginning on October 1, 2025, and ending on September 30, 2026, to reflect reduced projected property (ad valorem) tax revenues resulting from the voters not approving the property tax rate adopted by the City Council and making corresponding changes to budget expenditure allocations.

The City Council is amending the Fiscal Year 2025-2026 Budget (Ordinance No. 20250813-005) because voters did not approve the property tax rate initially adopted by the council on August 13, 2025. As a result, projected property tax revenues are reduced, necessitating corresponding adjustments to budget expenditure allocations. The amended budget reflects a property tax rate that is lower than initially proposed, aligning with the voter-approved rate.

Residents will see a lower property tax rate than initially proposed by the City Council, as the budget is adjusted to reflect the outcome of the voter-approved tax rate election.

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