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San Antonio leaders raced to the state Capitol to stop a proposal that could blow a $400 million hole in the citys budget. If the bill passes, council members say they would need to raise taxes or cut money from SA, PD and City Rd. projects. Can 5 reporter Matt Houston explains why one city leader called the Idea, quote, potentially the most damaging piece of legislation San Antonio. Has ever seen San Antonio owns CPS Energy, and the city uses the utility to make money this year, nearly $392 million. That cash will pay for planned public safety road and park projects. But it could be the last time this happens. The implications for us could be I dont think Im being terribly dramatic when I say it could be crippling. As written, this bill could stop city governments from spending money their utilities earn San Antonio. Leaders say the powerful Austin lawmaker behind the idea is trying to keep Austin Energy from raising its electricity rates again. But the law would apply here, too, s
