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San Antonio River Authority's tax rate remains unchanged
SAN ANTONIO -- The board of directors of the San Antonio River Authority (SARA) adopted a tax rate of $0.017370 per $100 in property value to support SARA’s $140 million budget for fiscal year 2012-13. This is the same tax rate as the previous fiscal year.
The adoption of the budget for fiscal year 2012-13 was based on maintaining the current tax rate at $0.017370 per $100 in property value. The average homestead value in SARA’s four-county district has decreased this year from approximately $142,000 last year to $137,000 this year. With the decrease in the average homestead value, the taxes paid within the district will decrease by 4 percent from $23.81 paid annually by the average homeowner to approximately $22.90.
“The board of directors of the San Antonio River Authority remains committed to establishing a fiscally sound and prudent budget,” said Gaylon Oehlke, chairman of the board. “Maintaining the same tax rate will provide SARA with sufficient funds to continue its work to manage the environmental health, safety, maintenance, and operation of the rivers and creeks within the San Antonio River Basin.”
SARA is authorized by the State Legislature to collect an ad valorem tax at a maximum of $0.02 per $100 of assessed value. The tax rate must be set at the same rate throughout SARA’s four-county district, including Bexar, Wilson, Karnes, and Goliad counties, and may only be used for planning and operations and maintenance activities.
In June, the SARA board approved the fiscal year 2012-13 budget of $140 million. Details of the budget are available at www.sara-tx.org. Expenditures for each of SARA’s five service areas are as follows: Flood Control -- $101.5 million; Water Quality -- $4.1 million; Water Resources -- $0.8 million; Utilities -- $23.5 million; and Park Services -- $10 million. Only $18 million, or approximately 13 percent, of the total budget comes from SARA’s General Fund tax collection. SARA’s fiscal year began July 1, 2012, and runs through June 30, 2013.
“An important part of SARA’s strategic plan is to explore operational efficiencies and increase non-tax revenue sources so that SARA can continue to achieve the agency’s growing list of priorities and responsibilities,” said Suzanne Scott, SARA general manager. “Effective stewardship of the public funds entrusted to SARA by the taxpayers of the district is a value shared by each SARA employee, and we continue work to leverage those funds with grant funding, alternate revenue sources, or project collaborations with other public and private entities.”
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