DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: Justina Tate
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Public Hearings for the 2018 Ad Valorem Tax Rate and FY 2019 Proposed Budget
SUMMARY:
On Wednesday, August 29, 2018, at 6:00 PM in City Council Chambers two Public Hearings are scheduled:
1) 2018 Proposed Ad Valorem Tax Rate Public Hearing for the FY 2019 Proposed Budget
2) FY 2019 Proposed Budget Public Hearing
The Public Hearings will provide an opportunity for residents to comment on the 2018 Proposed Ad Valorem Tax Rate for the FY 2019 Proposed Budget and FY 2019 Proposed Budget. The Public Hearing on the 2018 Proposed Ad Valorem Tax Rate will be held at 6:00 PM immediately followed by the Public Hearing on the FY 2019 Proposed Budget.
BACKGROUND INFORMATION:
The FY 2019 Proposed Budget was presented to City Council on August 9, 2018. The budget is balanced as required by law and reflects the City's continued commitment to providing public services and programs that enhance the quality of life for the San Antonio residents. Guided by the City Council policy direction and community input, the proposed budget focuses on streets and sidewalks, affordable housing, and filling police vacancies with no increase to the City's property tax rate.
The Proposed FY 2019 Consolidated Annual Budget, comprised of all funds, excluding transfers, totals $2.8 billion. The General Fund budget is $1.26 billion; restricted funds such as Airport, Development Services, Solid Waste, and Hotel Occupancy Tax total $889 million; and the Capital Budget totals $690 million.
Following the presentation of the proposed budget a series of city council budget worksessions are scheduled from August 14 to September 5. 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 13 for the City's fiscal year that begins on October 1.
State Law require...
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