Declining property values have left San Antonio with a revenue deficit, leading to potential tax and rate increases. The City of San Antonio and Bexar County are considering raising taxes to address the deficit.
Tax Increases
The average San Antonio homeowner may see a $14 per month, or $167 per year, increase in property taxes. The city is also looking at increasing the storm water fee on residents’ water bills to help fund flood and drainage infrastructure.
San Antonio Water Systems (SAWS) is asking the City Council to approve a set of gradual increases that would bump up the average home’s bills by about $15 per month by 2029. CPS Energy is also looking at a potential rate increase next year to solve a $50 million shortfall in its annual operating budget.
Original reporting: San Antonio Report — read the source article.
