On Thursday, August 1, 2024, El Paso City Council introduced an ordinance setting the No-New-Revenue Tax Rate for fiscal year 2025.
Good news! The City will have no new revenue for the second year in a row. This is the first time in the history of the City of El Paso we have been able to achieve that milestone!
Fiscal Year 2025 tax rate – 0.761405
Fiscal Year 2024 tax rate – 0.818875
The difference is a little over 5.7 cents per $1,000 valuation.
I have worked tirelessly with my colleagues to provide fiscally responsible guidance to city financial services during the budget cycle. I have been guided in these discussions by listening to your concerns with respect to property taxes impacting family budgets; especially for those on a fixed income.