South Padre Island › Brief

South Padre Island City actions: FY 2026 property tax rates, 2024‑2028 Capital Improvement Plan draft, and 2024 procurement notices

Recent city records show the adopted property‑tax rates for fiscal year 2026, a draft five‑year capital improvement plan for 2024‑2028, and several procurement solicitations released in 2024.

What happened

• The city set a no‑new‑revenue property‑tax rate of $0.255253 per $100 of assessed value and a voter‑approval rate of $0.275938 per $100 for fiscal year 2026.1
• For FY 2026 the city projects an unencumbered General Fund balance of $11,090,632, an unencumbered Debt Service Fund balance of $355,651, and a total debt‑service payment of $3,073,194 (principal $2,530,000 plus interest $543,194).1
• A draft five‑year Capital Improvement Plan covering fiscal years 2024‑2028 was presented to council on June 19 2024, with a public hearing scheduled for August 7 2024; the plan sets a $50,000 minimum project cost and uses a 100‑point scoring system.3
• The city issued a Request for Proposals on May 9 2024 to redesign the South Padre Island Visitors Bureau website; proposals were due May 23 2024 and the contract could be awarded as early as June 19 2024.2

Who it affects

• The FY 2026 tax rates mean that a homeowner with a $200,000 assessed value would owe approximately $511 in no‑new‑revenue tax ($0.255253 × 2,000) and $552 if the voter‑approval rate applies.1

What's not yet public

• The final adoption date of the 2024‑2028 Capital Improvement Plan and the list of projects that will receive funding have not yet been disclosed in the available records.3
• The city’s records do not indicate which firm, if any, will be awarded the Visitors Bureau website redesign contract after the June 19 2024 award window.2

What residents can do

• Residents may submit written comments on the draft 2024‑2028 Capital Improvement Plan by the May 2 2024 deadline and can attend the public hearing on August 7 2024 to voice opinions.3