The City of South Padre Island’s Fiscal Year 2026‑27 Proposed Budget memo outlines the expected revenues and expenditures for each of the city’s major funds, shows the adjustments made after June‑July budget presentations, and presents the property‑tax rates that will fund the budget. It details revised surplus amounts for the General Fund, Hotel/Motel Tax Fund, Convention Center Fund, Parks & Recreation Fund, Transportation Fund and Beach Maintenance Fund, lists projected sales‑tax, hotel‑occupancy and other tax collections, and identifies the total municipal debt and the portion pledged to be paid from property taxes. The memo also provides a calendar of upcoming council actions on the budget and tax rates.
| Property tax increase amount | $263,931.91 (2.41% increase) |
| Proposed property tax rate | 0.263657 per $100 valuation |
| Total taxable property value | $4,166,426,518 |
| Total municipal debt principal | $20,650,000 (of which $13,375,000 pledged to property taxes) |
| Projected General Fund sales‑tax revenue | $4,376,602 |
| Projected Hotel/Motel and Convention Center revenue | $12,733,599 |
| Revised General Fund surplus (revenues over expenditures) | $96,133 |
| Revised Beach Maintenance Fund surplus | $666,578 |