DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: Justina Tate
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
City Council Worksession on the FY 2018 Proposed Budget
SUMMARY:
Staff presentation on the FY 2018 Proposed Budget focusing on, but not limited to, the following subjects:
A. Streets, Sidewalks, Drainage, and Transportation Capital Program
B. FY 2018 Debt Management Plan
BACKGROUND INFORMATION:
The FY 2018 Proposed Budget was presented to the Mayor and City Council on August 10, 2017. The budget is balanced as required by law and reflects the City Council policy direction of budgeting through an equity lens.
Equity and equality are two strategies that can be used in budgeting. Equity aims to understand the needs of the community and fairly distribute resources. Equality involves ensuring all parts of the community get similar amounts of resources regardless of need. In the context of the proposed budget, decisions made through an equity lens matter because it determines how the City will allocate resources and set priorities to meet the social and economic needs of San Antonio residents. This Budget proposes an equity approach.
The FY 2018 Proposed Budget includes investments in streets, public safety, and neighborhood services that have the potential to make a significant difference in the quality of life of our community while maintaining a strong financial position.
The overall FY 2018 Proposed Budget is $2.7 billion, 5% higher than FY 2017. The budget is comprised of the General Fund at $1.2 billion, Restricted Funds at $858 million, and the Capital Plan at $639 million. The FY 2018 General Fund is 4.4% higher than FY 2017. The Proposed Budget includes investments in streets, public safety, and neighborhood services that have the potential to make a significant difference in the quality of life for the community while maintaining strong financial positions.
Following the presentation of the proposed budget a series of cit...
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