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San Antonio proposes $18.6 million economic development budget, drops construction-mitigation fund for FY2026
Summary
City staff presented a proposed FY2026 Economic Development budget that preserves small-business loan and corridor programs while removing a $1.4 million construction-mitigation line. Councilmembers asked for metrics, eligibility details and follow-up on impacts to small businesses affected by construction.
City of San Antonio staff presented a proposed fiscal year 2026 Economic Development budget on Aug. 26 that they said totals $18.6 million, including $9.7 million in restricted funds, and would reduce department staffing from 42 to 40 positions.
The proposal keeps several small-business support programs, including a 0% interest loan product the presentation said would make up to $500,000 available for qualifying businesses, and continues a pilot corridor leadership and revitalization program. Staff also told the council the proposed budget eliminates a previously funded construction mitigation line (a $1.4 million funding level used in FY2025) and replaces one older financing model with a $70,000 restructuring agreement, citing a change in how construction-support projects will be financed.
Why it matters: Council members repeatedly said the construction mitigation funding and other…
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