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Board approves FY2025–26 balanced budget with 4% staff COLA and $200,000 marina reserve contribution
3426518 · May 20, 2025
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Summary
The board approved a $1,372,950 balanced FY2025–26 budget that includes an estimated $1,352,950 in sales tax revenue, $20,000 in interest income, a 4% cost-of-living adjustment for staff and a $200,000 reserve line for future marina-related obligations.
The South Padre Island board approved the proposed FY2025–26 budget after a motion and second; the board carried the item on a voice vote.
Darla, the executive director, presented the budget and said staff used projected sales tax receipts of $1,352,950 and operating interest of…
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