Propositions A B And C What SABOR Thinks

Dated: 09/25/2018

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SABOR’s Board of Directors has formally adopted a motion to join alliances with Mayor Ron Nirenberg and Secure San Antonio’s Future—a throng of business and community leaders who have pledged to combat what could be the most devastating blow that our local government has ever experienced.

You’ve probably seen the recent headlines celebrating our beloved “Alamo City” as one the best places to live, work, and play. For those who missed it, the 2018 U.S. News and World Report ranked San Antonio among the top 15 places to live in the U.S. while Forbes named San Antonio among the 10 Coolest US Cities to Visit in 2018. Even better, the May 2018 U.S. Census Bureau Report rated San Antonio as the fastest growing city in the nation citing a population spike of 24,000 over the past two years! Those increases surpassed growth in major cities such as Phoenix, Dallas, and even Los Angeles.

This news should come as no surprise to REALTORS® who sold nearly 40,000 homes in San Antonio during the same period. Spirit and culture, big city amenities, and affordable living are just a few factors that make our treasured city an attractive place to live—something that REALTORS® have known all along. On the heels of these remarkable accolades looms a dark cloud and the risk of losing it all as three ballot propositions threaten to jeopardize the integrity of our City.

What You Need to Know About Ballot Propositions A, B, and C

Proposition A: Expands the “referendum” or categories of items that may be presented to citizens for a direct vote to include appropriating money, levying taxes, setting public utility rates, and zoning or rezoning of properties; decreases the number of signatures and lengthens the timeframe for obtaining signatures to petition the City for referendum.

Danger to REALTORS®: If passed, this could allow just 3% of voters who may not live in your district to overturn city ordinances– including those that affect property rights. Even worse, this level of risk would lower the City’s credit rating costing $17.5 million in interest.

Fact: The City of San Antonio’s credit rating is at the highest achievable score, AAA, as deemed by all three major bond-rating agencies. A higher bond rating keeps the interest rates on borrowed money low. Changing the city’s referendum process presents a level of risk that will lower the bond rating. San Antonio’s taxpayers will have to make up the difference of interest charges. This would affect public services such as streets, parks, and libraries—all important factors for the clients that you serve when selling neighborhoods across San Antonio.

Proposition B: Allows unions to refuse contract negotiations and unilaterally force binding arbitration.

Danger to REALTORS®: If passed, we lose our voice in determining how tax dollars are spent. Public services such as streets, sidewalks, and parks will not be considered when arbitration is forced.

Fact: Our vote is our voice. We should have a say in what happens in our own backyard.

Proposition C: Imposes term limits and salary caps for City Manager

Danger to REALTORS®: If passed, this proposition would limit the flexibility needed to maintain a top-tier candidate needed to continue to propel San Antonio forward as a top-rated city.

Fact: San Antonio is the nation’s seventh largest city with 1.5 million residents. The City Manager of San Antonio serves a dual role as the CEO of the municipal corporation of 12,000 employees and manages an annual operating and capital budget of $2.7 billion and assets of $24 billion.

The instability that lingers over this November’s election requires our full support and engagement. If “Selling San Antonio” is your business, make “Go Vote No” your priority on Election Day!

Here are a few ways that you can get involved:

  • Become a registered voter. If you’re not registered or would like to confirm your voter profile, please contact your GA Staff at 210-593-1200 or email [email protected].

  • Save the date for “Coffee and Conversation with the Mayor” –Wednesday, October 24 at 9:00am (SABOR Members Only) There is no cost to attend. Register on IMS today!

  • Go Out to Vote: Election Day is Tuesday, November 6, 2018. Please make plans to get to the polls to cast your ballot between 7am and 7pm

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