EL PASO, Texas—Today, the City of El Paso is excited to announce the adoption of its Fiscal Year 2025 budget, highlighted by the approval of a No-New-Revenue tax rate.
“By adopting this budget, we are reaffirming our commitment to the people of El Paso,” said Mayor Oscar Leeser. “This marks the second consecutive year that we approved a budget with no tax increase, demonstrating a sustained commitment to fiscal responsibility while continuing to invest in the community’s future.”
A key highlight of the FY 2025 budget is the adoption of the No-New-Revenue Tax Rate of 0.761405, which represents a 5.7-cent reduction from last year’s rate. This achievement is made even more significant to help offset the significant increase in property valuations.
Interim City Manager Cary Westin said the budget reflects a balanced approach to maintaining the City’s financial health while addressing the needs of the growing community.
“The Fiscal Year 2025 budget exemplifies El Paso’s dedication to smart governance, protecting taxpayers, and investing in the services and infrastructure that matter most,” Westin said. “The City has strategically utilized current year surplus savings to reinvest in the budget, paying off debt early, and ensuring that El Paso is well-prepared for the challenges ahead.”
The FY 2025 budget prioritizes key investments that will enhance the quality of life for all El Paso residents:
• A $14.8 million boost for public safety, ensuring the Police and Fire departments are well-equipped to serve the community.
• A $2.3 million increase for Animal Services, supporting additional staff and the opening of the new Westside facility.
• A $1.1 million rise in Information Technology contracts, keeping El Paso at the forefront of digital innovation.
• Continued investment of $10 million in street resurfacing projects, along with $29.1 million in Pay-Go funding for capital replacements and facility renovations.
• Operating funding for new cultural and recreational amenities, including the La Nube Children’s Museum and the Mexican American Cultural Center.
Recognizing the importance of investing in our workforce, the budget also includes a $1 per hour increase in the minimum wage, raising it to $14.11 by March 2025—a 36 percent increase since May 2022. This adjustment reflects the City’s commitment to fair compensation and supporting the City employees who serve our community every day.
“The FY 2025 budget is a blueprint for a vibrant and stronger El Paso,” said Robert Cortinas, Chief Financial Officer and Deputy City Manager for Internal Services. “By strategically addressing financial challenges and making smart investments, we are ensuring that our City continues to thrive, both now and in the future.”
For more information about the City of El Paso’s Fiscal Year 2025 Budget and Tax Rate, please visit the City’s Office of Management and Budget website.
