A majority of City Council members support raising San Antonio’s property tax rate and stormwater fee to fund a larger city bond.
If the rates remain unchanged, a future bond could pay for $625 million worth of projects — far less than the record $1.2 billion bond program that voters approved in 2022, which paid for about 180 projects.
Shrinking property tax collections are why San Antonio’s bonding capacity has been cut nearly in half. General-obligation bond debt is repaid with a portion of the city’s property tax revenue…