Texas Border Business
EDINBURG – Hidalgo County Commissioners Court on Tuesday approved a $316 million budget for Fiscal Year 2025, while adopting the same tax rate as the current fiscal year.
Because of rising property values, next year’s budget represents a 6 percent tax increase even though Commissioners maintained the same tax rate as this year, which is 57.5 cents per $100 valuation of a home or property.
The budget also includes a projected $2 million in additional revenues from fines, fees, local grants and charges for county services. It also includes a fund balance, or rainy day fund, of $105 million. It is anticipated that some of this fund balance will be used to pay off debt.
“We were able to save some money this fiscal year because of the delay in moving into our new courthouse and the Willacy County jail,” said Hidalgo County Judge Richard F. Cortez.
Next year’s spending plan includes a 5 percent cost of living adjustment for Hidalgo County employees in order to keep wages competitive in our local economy and offset the loss of critical essential workers doing statutorily mandated functions of county government.
