$1,585 per resident — the total budget ($24,495,487.05, FY 2025-2026) divided by the latest population (15,451, 2025).
The City of Rio Grande’s adopted FY 2025‑2026 budget shows a property‑tax increase of $607,150 (14.11 %) over the prior year, adds $186,948 from newly‑taxed property, and records a total debt obligation secured by property taxes of $1,204,500. The document also compares tax rates for FY 2025‑2026 and FY 2024‑2025, explains how the city’s funds are organized, and outlines priority programs such as hiring more firefighters, expanding a food‑pantry, and creating a street‑paving department.
| Property tax revenue increase | $607,150 (14.11 % increase) |
| New property tax revenue from added property | $186,948 |
| Total debt obligation secured by property taxes | $1,204,500 |
| Property Tax Rate FY 2025‑2026 | $0.530000 per $100 |
| Voter‑Approval Tax Rate FY 2025‑2026 | $0.507367 per $100 |
| Debt Rate FY 2025‑2026 | $0.136887 per $100 |
| No‑New‑Revenue Tax Rate FY 2025‑2026 | $0.481273 per $100 |
| No‑New‑Revenue Maintenance & Operations Tax Rate FY 2025‑2026 | $0.345566 per $100 |
The independent auditor’s report for the City of Rio Grande City covers the fiscal year ending September 30 2023. It states that, in an unqualified (clean) opinion, the city’s basic financial statements – government, business‑type activities and all major funds – fairly present its financial position, results of operations and cash flows. The report highlights a $3,042,331 (7 %) increase in total net position, with governmental activities up $1,625,658 and business‑type activities up $1,416,673. Sales‑tax revenues grew by $581,107 in 2023 (after a $370,175 rise the prior year). The audit also notes the city adopted GASB Statement 96 on subscription‑based IT arrangements, but this does not affect the opinion. The audit was performed by Raul Hernandez & Company and included a separate internal‑control compliance report dated April 15 2024.
| Auditor's Opinion | Unqualified (clean) opinion |
| Total Net Position Increase | $3,042,331 (7 % change) |
| Governmental Activities Net Increase | $1,625,658 |
| Business‑type Activities Net Increase | $1,416,673 |
| Sales Tax Revenue Increase (2023) | $581,107 |
| Sales Tax Revenue Increase (Previous Year) | $370,175 |
| Audit Report Date | April 15 2024 |
| New Accounting Standard Adopted | GASB Statement No. 96 – Subscription‑Based IT Arrangements |