- The San Antonio City Government is facing a significant $158 million budget gap.
- Gina Ortiz Jones is leading efforts to bridge the $158M budget gap facing the San Antonio City Government.
San Antonio City Council Approves $4.4 Billion Budget with Tax Increases
- Reports
- 2
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The San Antonio City Council approved a $4.4 billion budget for fiscal year 2027, which is designed to subsidize FY27 and FY28 while managing the city’s projected $158 million deficit. The council passed the budget in a 7-4 vote, which includes a 3.9% property tax increase and cuts to numerous services and nonprofit funding. The new charges require residents to pay 56.288 cents per $100 of taxable property value, with the budget taking effect on October 1.
From paisano-online.com
Why it matters
The approved budget addresses the city's budget gap by increasing the tax burden on property owners. Mayor Gina Ortiz Jones stated that raising property taxes was a 'last resort' to address the financial shortfall. The budget also mandates cuts of $90 million in spending over the next two years.
From paisano-online.com, ksat.com
Who's involved
- city councilLegislative body that approved the budget and tax increases.
- San AntonioThe municipality undergoing the budget approval and tax hikes.
- Gina Ortiz JonesMayor who discussed the budget vote and the property tax hike.
How it developed
Newest first. Tap a step to see who reported it.- Julián Castro championed an early childhood education initiative as San Antonio City Council voted to place a tax extension on the ballot.Sub-event
The council approved the $4.4B budget, implementing tax increases and service cuts.1 source
Keep exploring
Part of
Gina Ortiz Jones is leading efforts to bridge the $158M budget gap facing the San Antonio City Government.Also in this story
- Gina Ortiz Jones is seeking a city vote regarding contributions to the downtown arena project in San Antonio.
- Future infrastructure bond requirements for San Antonio are being discussed.
Within The San Antonio City Government is facing a significant $158 million budget gap.
The entities involved
-
city council
legislative body that governs a city, municipality or local government area
-
San Antonio
city in Bexar, Comal, and Medina counties in Texas, United States; seat of Bexar County