Many North Austin Suburban residents are probably familiar now with the Community Impact newspaper which reaches your door. If you toss it out with the rest of the junkmail, stop now! I have been reading it regularly since it became coming to me about 2 years ago. I find it to be great. It's far more useful and relevant to me than television news and even the Austin American Statesman.
Here's a Web Link
A few topics of choice in the past have been the toll roads, the new amusement part, the new commuter rail and other real estate and small business developments. They journal also talks about happenings in local government which has a far greater impact on our everyday lives than what Mr. President does in Washington.
It's a great paper. I'm happy it exists.
A distant second would be the Hill Country News. The information is less localized, and so the relevancy suffers a bit, but it's still a great paper as well.