River Authority board reduces property tax rate for fiscal year
The San Antonio River Authority's (SARA) board of directors adopted a maintenance and operations tax rate of .015 cents per $100 valuation.
The property tax rate affects residents of Bexar, Wilson, Karnes and Goliad counties. The rate is slightly lower than the previous year's rate.
The rate supports SARA's budget of $103 million for the 2007-2008 fiscal year, which was formally adopted on June 20.
Chairman Louis Rowe says the tax revenue can be used for all maintenance and operating activities, including maintenance of flood control structures throughout the San Antonio River basin, debris removal programs, water quality protection initiatives and the development of digital flood insurance rate maps.
"The San Antonio River Authority's tax rate is rather small as compared to other taxing entities, but without it, we would not be able to provide the critical services required to accomplish our mission throughout the basin," Rowe says.
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