Scott Ball / San Antonio Report
The move comes as the city’s General Fund is expected to increase by 5.3%, including major investments in public safety and proposed increases to residents’ solid waste fees. The city’s overall budget, which includes capital projects, is expected toSan Antonio’s General Fund comes from three major revenue sources: property taxes, sales tax and money the city receives from CPS Energy, which the city owns.
“There are some exceptions in that calculation,” Deputy Chief Financial Officer Troy Elliott told the council Thursday. “So you will see growth above and beyond the 3.5% cap.” “The tax rate will change every year,” Elliott said. It “will fluctuate based on taxable values, based on state legislation [and] based on the action the council took as far as the exemptions.”In recent years, rapidly rising property valuations have outpaced the city’s rate reductions.