This public notice explains the property‑tax rates that South Padre Island will use for fiscal year 2026 and shows the city’s projected fund balances and debt‑service obligations. The no‑new‑revenue rate is $0.255253 per $100 of assessed value, while the voter‑approval rate is $0.275938 per $100. The city expects to have $11,090,632 in its General Fund and $355,651 in its Debt Service Fund unencumbered at year‑end. It must pay a total of $3,073,194 in principal and interest on several series of long‑term bonds during the year.
| No‑new‑revenue tax rate | $0.255253 per $100 of property value |
| Voter‑approval tax rate | $0.275938 per $100 of property value |
| General Fund unencumbered balance | $11,090,632 |
| Debt Service Fund unencumbered balance | $355,651 |
| Total principal of long‑term debt | $2,530,000 |
| Total interest on long‑term debt | $543,194 |
| Total debt service payment required (principal + interest) | $3,073,194 |