A proposal to stave off future CPS Energy rate increases by taking a smaller cut of its revenues has evolved into a smaller-scale plan to send money back to the utility only when its revenues far exceed estimates. City staff say the idea won’t prevent a rate increase, but it could mean those increases are smaller than they would be otherwise.
San Antonio once again increases homestead exemption mysanantonio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mysanantonio.com Daily Mail and Mail on Sunday newspapers.
San Antonio City Council rejects Wells Fargo after banking violations expressnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expressnews.com Daily Mail and Mail on Sunday newspapers.
The city of San Antonio has revised its proposal to return $50 million in unanticipated CPS Energy revenue this summer, but most of the city council doesn’t seem to be in favor of it. Instead, many council members want to see what else it could be used for with suggestions for weatherization, climate change protection and new funding mechanisms for sustainability.
One of San Antonio’s tallest hotels is getting a new owner. After opening in 2008 and facing financial shortfalls during the pandemic, the Grand Hyatt is expected to be sold to a nonprofit while Hyatt will still manage its operations after the city council approved the arrangement in a 7-0-3 vote Thursday.