The adopted Bexar County budget for Fiscal Year 2019-2020 totals $1.782 Billion for all funds, including $600 Million in operating appropriations, $730 Million in capital projects, $160 Million for debt service, and $292 Million for contingencies and reserves, most of which is carry forward funding for multi-year projects.
The budget was developed with consideration for the new property tax relief passed during the 86th Legislative Session, which resulted in a property tax revenue cap of 3.5 percent. Although the new law does not go into effect until the FY 2020-2021 budget, the adopted tax rate is already well below the rollback tax rate. The adopted tax rate of $0.301097, which remains the same as last year, continues the trend of either lowering or maintaining rates for property owners since 1994.
For more information on the adopted Bexar County FY 2019-2020 Budget, visit www.bexar.org