San Antonio leaders oppose HB 19 citing risks to infrastructure funding

San Antonio city officials are rallying against proposed legislation that could significantly hinder the city’s ability to finance critical infrastructure projects. During a recent City Council B Session, council members expressed deep concerns over House Bill 19, which they believe could limit the issuance of bonds and certificates of obligation essential for funding various public works.

Council members highlighted that the bill, if passed, would not only affect San Antonio but also impact other municipalities, hospital districts, and educational institutions across Texas. The proposed restrictions could lead to increased interest rates and a potential downgrade in the city’s credit rating, which would further complicate future financing efforts.

Councilman Pelaez emphasized the importance of bonds in maintaining and improving infrastructure, citing past projects that have relied on such financing, including enhancements to the city’s medical center and critical drainage improvements. He warned that the bill could stifle economic development and hurt job creation in the construction and engineering sectors, as well as negatively affect local banks and financial institutions.

The council is advocating for a united front with local businesses and stakeholders to oppose the bill. They believe that a collective voice from the community can effectively communicate the potential negative consequences of the legislation to state lawmakers. Council members are also coordinating with the Texas Municipal League (TML) and other cities facing similar challenges to amplify their message.

In addition to the discussions surrounding House Bill 19, the council briefly touched on a separate issue regarding a dangerous dog bill, which is currently under review. While there are concerns about its implications, the council remains optimistic about its potential for passage, having made adjustments to address previous objections.

As the legislative session progresses, San Antonio officials are committed to advocating for the city’s interests and ensuring that necessary funding mechanisms remain available to support vital community projects. The council’s proactive stance reflects a broader concern for the city’s future growth and the well-being of its residents.