Dear San Antonio Hispanic Chamber of Commerce members and friends,
Early voting in Texas is well underway and will close November 1. It has been unanimously approved by our Board of Directors to support Propositions 3 & 6. As an organization we strongly believe these revisions will have a positive impact on the economic development of our city.
Proposition 3, the constitutional amendment to authorize a political subdivision of this state to extend the number of days that aircraft parts that are exempt from ad valorem taxation due to their location in this state for a temporary period may be located in this state for purposes of qualifying for the tax exemption. This expansion of the Freeport exemption is designed to encourage aircraft parts suppliers to locate and stay local and will also encourage existing businesses to invest additional resources in Texas.
Proposition 6, the constitutional amendment providing for the creation of the State Water Implementation Fund for Texas and the State Water Implementation Revenue Fund for Texas to assist in the financing of priority projects in the state water plan to ensure the availability of adequate water resources. Proposition 6 is beneficial in order to increase water supply, improve water delivery, as well as invest in water infrastructure for our continuously growing community in order to attract more businesses and strengthen our city’s economy.
It is an important time in San Antonio as we vote on amendments that will impact our business community. These Propositions will ensure the prosperity of our business community, while retaining and attracting new opportunities. This is your chance to be involved by exercising your right to be heard. We encourage you to join us in supporting Propositions 3 & 6 by going out and casting your vote. Don’t forgetElection Day is Tuesday, November 5th!
For information about voting in Bexar County, click here.
President & CEO
San Antonio Hispanic Chamber of Commerce