Victoria residents will enjoy lower property tax rates as the city’s new budget for 2024 was presented by the City Manager at Tuesday’s City Council meeting. Sales tax revenue increase of $840,000 is expected, leading to the reduction in property tax rates by 13%. The city plans to repair 112 miles of streets over five years, allocating around $30 million for residential and thoroughfare streets. The City Council will hold special work sessions on Aug. 15th and the first budget public hearing on Aug. 29th, aiming to finalize and approve the budget by Oct. 1st.