Alamo Colleges Votes to Raise Taxes | San Antonio News
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Alamo Colleges Votes to Raise Taxes | San Antonio News
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Alamo Colleges is set to raise property taxes for the first time in 13 years, adding 1.75 cents per $100 of home value — pushing the total to 16.665 cents — to cover a looming $28 million budget shortfall and a $602 million fiscal year. Facing a sluggish real estate market, rising tax exemptions, and unmet state funding promises despite hitting key performance goals, officials say the hike is essential to survive financial pressures expected to worsen with potential state cuts and tuition freezes. Homeowners in Bexar County will see an extra $48 annually, with a public hearing scheduled for September 15. While the state holds billions in its Rainy Day Fund, securing promised performance-based funds remains a tough battle — and the board chair insists this money was earned and expected.
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