AUSTIN, Texas — The majority of Austin voters have rejected Proposition Q, which would have raised the city's property tax rate indefinitely.

What is Proposition Q?

Prop Q would have increased Austin residents' property taxes by five cents per every $100 in value to address funding for homelessness prevention, safety, parks, public health, finances and Austin's general fund.

The increase could have cost the average homeowner about an extra $300 a year in city property taxes and would have added roughly $110 million for the present fiscal year, according to city leaders.

The proposition was presented as a way to help address the city's $33 million budget deficit.

Austin voters divided

Ahead of the Nov. 4 election, Austinites were split on whether to support the proposition.

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