DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: Maria Villagomez
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
City Council Worksession on the Property Appraisal Process
SUMMARY:
A presentation on the property appraisal process will be provided by the Bexar Appraisal District's Chief Appraiser, Michael Amezquita immediately following the City Council "A" Session.
BACKGROUND INFORMATION:
The FY 2016 Proposed Budget was presented to the Mayor and City Council on August 6, 2015. The FY 2016 Proposed Budget reflects City Council policy direction and community priorities. The Budget decreases the City's property tax rate, increases funding to streets and sidewalks, and maintains public safety spending below 66% of the General Fund. Additionally, budgeted financial reserves are maintained at 15% of General Fund revenues. The budget proposal does not recommend any layoffs of uniform or civilian employees.
The Proposed Consolidated Annual Budget, comprised of all funds excluding transfers, totals $2.5 billion. The General Fund budget is $1.1 billion; restricted funds, including Aviation, Development Services, and Solid Waste, total $780 million; and the FY 2016 Capital Budget is $670 million.
Following the presentation of the proposed budget a series of City Council budget worksessions are scheduled from August 11 to September 9. At these sessions City staff will review the budget proposals with the Mayor and City Council in detail. The budget is scheduled to be adopted on September 10 for the City's fiscal year that begins on October 1.
ISSUE:
A budget worksession is scheduled immediately following the City Council "A" Session on Thursday, August 20, 2015. At this session, the City Council will be presented a briefing on the property appraisal process.
The Bexar Appraisal District is responsible for discovering, listing, and appraising all real and personal property for taxing entities within B...
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