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Executive Director reports mixed tax receipts, project updates and upcoming events
Summary
The Executive Director reported sales tax up slightly from January 2024, occupancy tax down for January, building permit activity for February, ongoing work to restore a causeway traffic counter with TxDOT, and updates on the Birding and Nature Center and Art Business Incubator.
The Executive Director presented monthly economic indicators and project updates to the South Padre Island Economic Development Corporation, reporting mixed revenue trends and several operational items the board directed staff to monitor.
The director said January sales tax receipts were up 0.88% compared with January 2024 and that January is typically the lowest month for sales and occupancy tax collections. Occupancy tax was reported as down about 0.88% from January 2024. The director reported building permit activity for February totaled $3,479,711, with major permits including a home on Laguna Circle…
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