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SARA adopts 2013-14 budget
SAN ANTONIO -- The San Antonio River Authority (SARA) board of directors has adopted a $75.8 million budget for fiscal year 2013-14, which begins on July 1, 2013. The approved budget supports projects and programs that advance the agency’s mission to sustain and enrich life in the San Antonio River Watershed.
The total budget reflects a $70.5 million decrease from the previous fiscal year, reflecting the completion of the construction of the Mission Reach Project, funded by Bexar County and managed through SARA. While the overall budget is decreasing, SARA’s general fund budget is increasing by $1.8 million, with $1.2 million of that increase going to support the ongoing operations and maintenance on the eight-mile ecosystem restoration and recreation project. SARA also uses general fund revenue to maintain the completed Museum and Eagleland Reaches of the San Antonio River Walk.
Adoption of the budget includes a small increase in the tax rate from 1.7370 cents per $100 in property value to 1.8431 cents. This tax rate equates to approximately $24.30 paid annually by the average homeowner, which is an estimated increase of $1.40 over the amount paid annually last fiscal year. The average homestead value in SARA’s four county district is $138,000.
The SARA board will take action on the final tax rate in September after receipt of the final property valuations in July. A public hearing will be held prior to adoption of the tax rate.
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