Friday, August 28, 2009
Gov. Perry remains bullish on Alamo City
He forecasts more forward momentum for S.A.
San Antonio Business Journal - by W. Scott Bailey
file photo / San Antonio Business Journal
Texas Gov. Rick Perry says San Antonio is playing the economic game the right way.
Last October, Texas Gov. Rick Perry said San Antonio was well-positioned to ride out a national economic storm.
Nearly a year later, and with that national recession having cut the fiscal legs out from under certain areas of the country, Perry says San Antonio has managed to maintain some important economic momentum.
The Alamo City has felt some of the effects of an economic downturn. City of San Antonio staff, for example, have projected decreases in revenues from sales taxes, property taxes and CPS Energy operations, while proposing a trimmed-down fiscal year 2010 budget.
Perry says Texas, too, has taken some hits. But he still believes that Texas and San Antonio have so far escaped the worst of the economic fallout and are well-positioned for a post-recession surge.
Gov. Perry remains bullish on Alamo City - San Antonio Business Journal: