As council prepares to vote on San Antonio's $3.4 billion spending plan, it's clear that federal pandemic funds saved the city.
City Council is ready to approve its $3.4 billion budget for next year, but residents have one last opportunity to voice their opinions.Before City Council meets to approve the $3.4 billion fiscal year 2023 budget this Thursday, a 2 p.m. TuesdayAmong the items council members will discuss is how to use the
Of the $195.5 million, $119.9 million will be distributed to San Antonio nonprofits, small businesses, arts organizations, and housing and infrastructure projects; $29.6 million will cover lost revenue in the Hotel Occupancy Tax Fund and General Fund; $26.4 million will be used to fund Metro Health’s continuing response to COVID-19; and $19.6 million will go to airport operations and capital projects.Success! You're on the list.
By month’s end, the city will have spent $852.17 million of that $1.2 billion. The 2023 budget is set to include $195.5 million more, which leaves $162.3 million to be spent in FY 2024 and FY 2025. Yet a complaint I hear with growing frequency is that the $5 trillion in federal COVID-19 relief and stimulus funding distributed to states, cities and counties was excessive and wasteful and has contributed to the inflationary economy. People are grumping about the growth in the federal deficit.Paycheck Protection Program
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