About the Author
Mike Kanin is the Publisher of the Austin Monitor. As such, he doesn't report on much--aside from the workings of the Monitor--any more. In his previous life as a freelance journalist, Kanin has written for the Washington City Paper, the Washington Post's Express, the Boston Herald, Boston's Weekly Dig, the Austin Chronicle, and the Texas Observer.
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Council OKs $5,000 Homestead Exemption
Austin City Council members OK’d a $5,000 homestead exemption for city homeowners Thursday. This is not to be confused with the much larger 20 percent exemption proposed on the campaign trail by multiple Council candidates. That latter exemption would bring the city in line with other local entities, including Travis County. Should the new Council choose to go with a 20 percent exemption, it would have to find millions of dollars’ worth of additional cuts or other savings to accommodate it.
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