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Budget

South Padre Island FY 2022 Budget Book

original file: 2021-22 GFOA Budget Submittal
South Padre Island

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What is this?

The City of South Padre Island’s FY 2022 Budget Book presents the city’s projected revenues, expenditures and major initiatives for the 2021‑2022 fiscal year. It includes an overview of the local economy, tax collections, staffing, and detailed fund and department budgets, as well as a five‑year capital improvement plan and a request for continued GFOA award recognition.

Key figures

Award streak 10 consecutive GFOA Distinguished Budget Presentation Awards
Hotel occupancy tax increase 70 % higher collections FY 2020‑2021 vs. FY 2019‑2020
Sales tax growth 47 % increase citywide (statewide increase 3 %)
Unemployment rate (Sept 2021) 5.6 %
Unemployment peak (April 2020) 13.5 %
Texas job growth (2021) 4.5 % annualized
Sector job growth rates Oil & Gas Extraction 10.3 %, Professional Business Services 10.2 %, Leisure & Hospitality 8.9 %
Texas exports (2021) Más de $375 mil millones
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