Bee Cave City Council ratified an unchanged tax rate of 2 cents per $100. The city raises less than $500K of its $10MM annual budget from property tax, the vast majority coming from Sales tax collected from area businesses. The largest tax contributor in the area - HEB - is about to open a competing store in lakeway which may impact City income.
Some facts in this story were sourced, with thanks, from Kara King's BLOG.
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