City of Lakeway

The 2025 Comprehensive Plan for the City of Lakeway provides a framework to manage regional growth while preserving the city's unique characteristics and values. Its strategic pillars include fostering community identity, developing transportation choices and connectivity, stewarding the environment, cultivating parks and cultural programs, supporting diverse housing and neighborhoods, and ensuring economic development and resiliency. The plan aims to build a stronger, fiscally sustainable future, ensuring Lakeway remains a vibrant, resort-style community known for its natural beauty, recreational opportunities, and small-town charm.

This document outlines an economic development strategy for Lakeway, chartered in January 2020. Its primary objective is to advise the Lakeway City Council on promoting and facilitating responsible business growth to expand the local economy and diversify the city's tax base. Key recommendations include supporting local businesses, attracting new businesses that serve the community, promoting Lakeway as a premier destination, shaping the redevelopment of RR 620, and expanding the tax base. Specific tasks involve revising permitting processes, planning commercial tracts, developing marketing materials, partnering with the Lake Travis Chamber of Commerce, and attracting annual events. The vision is for Lakeway to become an attractive home for diverse businesses, fostering a recession-resilient economic environment, and reducing reliance on ad valorem taxes through increased sales tax generation.

The Lakeway Comprehensive Plan serves as a foundational roadmap for managing the city's future growth and development. It establishes a strategic vision, identifies actionable goals, and includes critical components such as a Future Land Use Map and an updated Thoroughfare Plan. The plan is structured around key elements including Vision, Goals, and Identity; Stakeholder Engagement; Future Land Use Map and Categories; Thoroughfare Plan; Vision Site Plans; Cultural and Economic Development; and Implementation Strategies. The initiative aims to measure progress, integrate Lakeway's identity into future development, address the impacts of infrastructure expansion, and provide a detailed implementation framework.

This document summarizes community dialogues conducted to gather feedback for updating the City of Lakeway's Comprehensive Plan, referred to as the 'Lakeway 2025 Comprehensive Plan Update.' It outlines community input on key aspects such as sustaining community identity, preserving and enhancing the environment, ensuring wise land use, developing transportation strategies, maintaining infrastructure, cultivating recreational and cultural programs, building and renewing community facilities, encouraging business and economic development, fostering cooperation with area organizations, and maintaining a commitment to long-range planning. The dialogues explored preferences for future development character, identified priority goals, and helped to prioritize implementation strategies, including enhancing connectivity, updating development standards, and redeveloping underutilized commercial spaces, all contributing to the city's long-term vision.

The City Council of the City of Lakeway will hold public hearings on the proposed fiscal year 2025-2026 annual budget. Copies of the proposed budget are available for review with the City Secretary of the City of Lakeway and on the City's website. The public is invited to review and make comments on the proposed budget.