AUSTIN (KXAN) — Despite asking departments to cut their individual budgets by roughly 1-2%, Austin's new city manager, T.C. Broadnax, is proposing another record-high city budget at $5.9 billion. It's a 5% increase from the previous fiscal year of $5.5 billion. You'll help pay for it. A 3.5% property tax increase is being proposed. It would cost the median homeowner roughly $8.52 more per month. The median sales price for a home in Austin as of the Austin Board of Realtors (ABoR) May report is $459,450. The proposed budget does not show a cut to any city services, but the city manager also noted there won't be much wiggle room for new initiatives. City of Austin could see
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