The city of San Antonio is shaking up how it spends CPS Energy revenue windfalls, eliminating what often turns into last-minute fights among City Council members over how to divvy up millions they hadn't expected. City officials say the changes could hold down, but probably not eliminate, future rate hikes for electric and gas customers. Most of CPS' revenue surpluses — when its payments to the city are larger than forecast — will go back to the city-owned utility.
Proposed horse carriage ban gets first hearing; operators ready for fight Annually, CPS returns 14% of its revenue to the city, which is expected to total $421 million this year. The payment makes up about 26% of the city's $1.6 billion general fund, which pays for services such as police and fire protection, street repairs, sidewalks, libraries, senior centers and drainage projects.
San Antonio City Council OKs subsidies for employers to train their workers Money generated from extremely hot summers, especially cold winters or high fuel costs will be split up if the surplus exceeds 10% of the CPS' annual budget. About 80% of future windfalls will go back to the utility to spend on “resiliency and reliability projects,” city staff said. The remaining 20% will go into San Antonio’s Resiliency, Energy Efficiency and Sustainability Fund.
San Antonio council members want faster progress on reining in vicious dogs Already this year, CPS revenue collections are $18.5 million ahead of budget, largely the result of spot market sales. By Sept. 30, the end of the fiscal year, the city expects that to increase to $19.4 million.
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