The City of South Padre Island’s 2024‑25 Proposed Budget outlines how the city plans to raise and spend money next fiscal year. It shows a modest 2.88% property‑tax increase that will add $275,766 in revenue, details expected collections from sales, hotel occupancy and special funds, lists a $19.35 million municipal debt portfolio, and breaks down spending priorities such as a 4% cost‑of‑living raise for employees, new staff positions, IT software purchases, and various departmental adjustments.
| Property tax increase | $275,766 (2.88% increase) |
| Revenue from new property added | $30,505 |
| Municipal debt (principal) | $19,350,000 (of which $11,635,000 pledged to property taxes) |
| Projected sales tax revenue | $4,082,393 (down $94,659 or 2.3% from prior year) |
| Hotel occupancy tax revenue | $12,175,284 (total Hotel/Motel & Convention Centre $12,861,284) |
| Cost‑of‑living adjustment (COLA) | $461,712 total ($334,324 to General Fund, $64,971 to CVB) |
| IT software and equipment budget | $59,366 (Fleetio $15,800, Frontline $8,800, Email security $10,766, Computer replacement $25,000) |