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Cold Weather Boosts City Budget Picture

Cold Weather Boosts City Budget Picture
Posted March 20th, 2014 @ 1:59pm by Jim Forsyth

   San Antonio's city finances are doing well in the first quarter of the year, and City Manager Sheryl Sculley says that is largely due to your CPS Energy payments.


  "We had a much colder winter that lasted a lot longer," Sculley told City Council.  "And then we had the rate increase."


   She says CPS Energy revenue is up $16 million over the first two and a half months of the year.


  Sculley says sales taxes collected by the city were also $7 million over budget due to the area's strong retail climate, and hotel motel tax revenue is also up.


  Sculley said the city has some challenges ahead in budgeting, most notably an unexpected increase of $2.5 million in police overtime.


  Sculley says increasing the city's year-end balance is one of the keys to maintaining San Antonio's strong triple-A credit rating.



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