On March 4, the San Antonio City Council received a briefing on CPS Energy’s fiscal year 2026-27 budget. During the briefing, the City Council explored available funding options to take the place of any potential rate increases.
The overview
According to city documents, CPS Energy has an approximate proposed budget of $5.26 billion in FY 2026-27, with an estimated $5.21 billion in revenue. Currently, the proposed budget has a $50 million gap, which is around 1% of CPS’s projected budget. Mayor Gina Ortiz Jones pushed CPS Energy officials to consider treating the shortfall internally instead of raising rates.
“There’s an interest in avoiding a rate increase as much as possible, because when we think of the $50 million over the $5 billion dollar budget, that’s 1% ... So 1% seems potentially manageable ... [we should look at] tapping into the access to cash and credit ... or just eating that via the $5 billion dollar budget ... We want to be able to say that we’ve tried to shoulder as much of this as possible,” Jones said.
