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) due to voters not approving the proposed property tax rate in the November 4, 2025 election. This requires adjustments to reflect reduced projected property (ad valorem) tax revenues and corresponding changes to budget expenditure allocations. The attached Exhibit A details numerous adjustments across various city departments, including increases for housing vouchers, parks maintenance, and EMS, as well as decreases in areas like social services contracts and some staff positions. Exhibit B shows the property tax rate for FY 2025-26 will be 0.524017, an increase from the previous year's 0.4776.

Residents will see a change in the city's budget allocations due to the failed property tax rate vote, with property tax revenues adjusted and various departmental expenditures modified, impacting the funding for services.

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