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San Antonio staff present smaller bond-capacity scenarios, urge policy direction
Summary
City staff told the City Council that historic tax-rate and flattened property-value growth have reduced traditional bond capacity; they presented three scenarios (roughly $625M, $1B and $1.2B) and asked council for policy feedback on tax-rate flexibility, timing and priorities. No vote was taken.
City staff told the San Antonio City Council on Jan. 21 that the city's traditional municipal-bond capacity has fallen from recent highs and presented three scenarios for a future bond program, asking councilmembers for policy feedback rather than voting on a size.
In a presentation led by Troy (city financial staff), members learned that long-term assumptions'including a debt-service tax rate that has remained at 21 cents per $100 of taxable value since 2004 and modest near-term growth in taxable values'drive the city's borrowing capacity. Troy said the modeling that produced a prior…
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