Lakeway, Texas

With no income during the first year or so, the Village government would not have been able to operate without the generosity of local citizens whose financial contributions met the basic needs until the new administration assessed and collected taxes. Residents also contributed equipment, rent-free space and other tangibles. Some individuals paid for street improvements and similar public works in areas abutting their own properties.

As Texas celebrated its 150th birthday in 1986, local officials buried a time capsule at the Village Hall, as one of many events in conjunction with the special anniversary. The capsule contained various Lakeway artifacts and will be opened in March 2036.

The average age of Lakeway's residents dropped below 60 for the first time in 1987, attributable to the influx of families with school-age children moving here to take advantage of a new and expanding school district.