San Antonio City Manager Erik Walsh and Deputy City Manager Maria Villagómez briefed the San Antonio Chamber of Commerce on the FY 2022 Trial Budget, projected at $2.9 Billion. Critical updates for the Five-Year Forecast include:
- San Antonio’s economy continues to improve, but uncertainty on pace of recovery remains.
- Sales tax revenue has performed better than projected at mid-year budget review.
- Hotel Occupancy Tax (HOT) collections have improved since mid-year review.
- General Fund position has improved since Forecast presentation in May.
Walsh and Villagomez also presented the City’s plan for allocating federal recovery funding made available by the American Rescue Plan Act of 2021. The Recovery Fund Strategy is 3-pronged, centering on:
- Revenue Loss Recovery
- Immediate Community
The strategy includes a phased approach. Phase 1 will be focused on the stabilization of the City’s current budget and immediate community needs in the FY 2022 proposed budget. Phase 2 would be focused on leveraging funding and community priorities after budget adoption.
Walsh and Villagómez presented plans to allocate $30 million to Emergency Response, Transportation and Mobility, 311/Open Records/Broadband Support/Security, EMS Enhancements, Affordable Housing, Homelessness, and Public Health.
Next Steps for COSA Budget:
- Goal Setting Session June 25 (Today)
- Budget Proposal August 12
- Council and Community Input (August – September)
- Budget and Adoption September 15
The City needs your input on the FY 2022 budget to ensure they provide both critical services to residents and prioritize areas of need.
Click here to complete a short survey to share your needs and priorities as they relate to City services.
Count on your Chamber to monitor and keep you informed on this important process. For more information, contact Stephanie Reyes, VP of Public Policy at sreyes@sachamber.org or by phone at 210.229.2162.
