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Facing Deficit, San Antonio Could Raise Property Tax Rate for First Time in 33 Years

City staff say the increase could generate $25 million next year, but the deficit may still reach $264 million by 2031.

Summary by KSAT 12
The City of San Antonio is getting ready to break out the budget machete and could consider property tax raises.City staff are recommending both tactics as part of a plan to combat a growing budget deficit in the general fund, which could balloon to more than $250 million within five years. “It’s not lost upon me that the city hasn’t increased the tax rate in 33 years,” City Manager Erik Walsh told council members during a Wednesday budget brief…

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  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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San Antonio Report broke the news on Wednesday, May 6, 2026.
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