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San Antonio is one of the fastest growing
cities in the country. Growth offers the opportunity for economic prosperity
in the form of business development, higher-paying jobs, home ownership and
other rewards. Yet growth also poses certain challenges such as an increased
demand for services, greater use of vital resources, and the need to provide
more recreational opportunities for citizens to maintain a high quality of
life.
Cities like San Antonio have been provided with valuable tools to promote
prosperity. Through the use of a voter-approved sales tax, San Antonio can
create economic development or “venue” funds to support comprehensive plans
identified as community priorities. For example, in May 2000, voters
approved a venue project to provide funds to support
aquifer protection and
parks expansion through the development of linear creekways. Last May,
voters approved two separate venues to continue each of those endeavors.
Each venue is supported by an increase and an investment of 1/8 of a cent in
the local sales tax, or one cent for every eight taxable dollars. Taxable
merchandise includes items most residents buy every day such as clothing,
fast food or electronics. It does not include non-taxable goods such as most
groceries, medicine or health services. These projects also would be
supported by visitors from outside of San Antonio who contribute to the
local sales tax. The sales tax collected to support the Linear Creekways/Parks
Development and Expansion venue will be $45 million. This additional sales
tax would be collected until the required funds for each project have been
collected.
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