. @COSAGOV City Council is expected to officially extend the Stay at Home ordinance to April 30. I’ll be tweeting the the latest updates on the #coronavirus response from the city this morning. @News4SA @KABBFOX29
Moment of silence accompanied by ringing of bells at San Fernando Cathedral for those who have been killed by #coronavirus. @KABBFOX29 @News4SA
Presentation beginning on restricted funds and the financial impact of #Covid_19 for the city. @KABBFOX29 @News4SA
Focusing on Hotel Occupancy Tax which pays for convention center, Visit San Antonio, Arts and Culture and History and Preservation. @News4SA @KABBFOX29
City expecting a $40M drop in funds from HOT revenue. @KABBFOX29 @News4SA
City expecting $14.7M drop from Convention Center and Alamodome revenue. @KABBFOX29 @News4SA
HOT, Alamodome, Convention Center combined to have a loss of $54.8M in losses for the city. @KABBFOX29 @News4SA
To deal with these losses the city is going to suspend capital projects and transfer ongoing projects to property tax debt service. I’ll temporarily transferred debt service payments for the Alamodome improvements to the property tax debt fund.
City is dipping into hotel occupancy tax operating reserve. The city is also suspended operating expenses. @KABBFOX29 @News4SA
City is cutting 30% of the budget to the convention center. 18% of the budget for visit San Antonio. 24% of arts and culture. 50% of history preservation. Total cuts comes out to $54.8M @KABBFOX29 @News4SA
Also a 29% cut in international affairs. @KABBFOX29 @News4SA
City says with these actions taken the hotel occupancy tax fund remains balanced with the use of $22 million of one time resources but there are still significant challenges with the fund. @KABBFOX29 @News4SA
City now talking about airport fund. Budget is $200 million. Supports 499 positions. @News4SA @KABBFOX29
City is expecting a $43.2 million drop in airport funds revenue. @KABBFOX29 @News4SA
City is implementing a hiring freeze at airport, slowing operations including marketing and nonessential building maintenance, it’s a spend of the airline incentive fund and reducing the transfer to capital improvement fund. @KABBFOX29 @News4SA
City now talking about advanced transportation district which has a budget of $18.5 million. These funds are for transportation and mobility. 50% of the money goes to via 25% to the city of San Antonio and 25% to TxDOT. Funds 36 position. @KABBFOX29 @News4SA
City is expecting an estimated $2.9 million drop in revenue from ATD. @KABBFOX29 @News4SA
City is going to deferbike lane projects which is a $2.7 million. @KABBFOX29 @News4SA
City attorney now discussing extension of the stay at home ordinance. @KABBFOX29 @News4SA
Going over previous changes and additions to the declaration.

City manager says other cities have not been as proactive on the financial front of this crisis. @KABBFOX29 @News4SA
You can follow @JoeGalliNews.
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