Texans face big fiscal choices at the state and local levels this year — from billions in property tax cuts to Austin’s proposed tax rate hike. Austin voters will decide whether to raise the city’s property tax rate to support a $6.3 billion budget the City Council approved in August. The council’s proposed rate — 57.4 cents per $100 of taxable property value — exceeds the state’s cap on revenue growth by about 5 cents, triggering a tax rate election. Texas law caps property tax revenue growth for local governments at 3.5% a year; to exceed that threshold, officials must call an election. If Austin voters approve the higher rate, the owner of a $500,000 home would pay about $300 more a year in city taxes. If it fails, the same homeowner would pay about $100 more, as the city would revert to the lower state limit. Early voting runs from Oct. 20-31 and Election Day is Nov. 4. Read more using our voter guide at the link in bio. #Austin #voting #Texas #politics