DEPARTMENT: Office of Management & Budget
DEPARTMENT HEAD: Justina Tate
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Presentation of City's FY 2018 Proposed Annual Budget
SUMMARY:
On August 10, 2017, the City Manager will present the Proposed Fiscal Year (FY) 2018 Operating and Capital Budget to the Mayor and City Council. The City's fiscal year begins on October 1 and ends on September 30. Following this presentation, the City Council will consider two ordinances related to the FY 2018 Proposed Budget:
A) An ordinance setting the city proposed maintenance and operations tax rate at 34.677 cents per $100 of taxable valuation and the city proposed debt service tax rate at 21.150 cents per $100 of taxable valuation as recommended in the FY 2018 Proposed Budget. There is no increase in the city's property tax rate, and;
B) An ordinance setting the date, time, and place for two Budget Public Hearings and two Ad Valorem Tax Rate Public Hearings.
The FY 2018 Operating and Capital Budget, the Tax Year 2017 Ad Valorem City Property Tax Rate, and revenue adjustments are scheduled to be adopted by City Council on Thursday, September 14, 2017. By City Charter the City's budget must be adopted by September 27th.
BACKGROUND INFORMATION:
The City of San Antonio's fiscal year begins on October 1, and ends September 30. Each year the City Manager transmits a budget development calendar to the City Council in February/March with key dates for each phase of the budget process. The phases include (1) Five-Year Financial Forecast and public input before the budget is prepared, (2) City Council Budget Goal Setting Session, (3) Proposed Budget for the upcoming fiscal year, (4) City Council budget worksessions, and public input meetings/public hearings on the proposed budget, and (5) adoption of the Budget for the next fiscal year. The Annual Operating and Capital Budget must be approved by the City Council before September 27 of every year in accordance with the ...
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