STARTING A BUSINESS ON SOUTH PADRE ISLAND For the most current and up-to-date revenue figures, labor data and population trends go to www.southpadreislandedc.com. To learn more about required permits and city ordinances regarding the start-up of a new business or the purchase of an existing business, go to www.myspi.org or contact the City of South Padre Island Development office at 956.761.8113.
South Padre Island Economic Facts GOVERNMENT
South Padre Island is a council-manager form of government, which consists of the Mayor and five City Councilmen, all elected. They in turn hire a City Manager. The City Council meets the first and third Wednesday of each month. For more information go to www.myspi.org. Cameron County operates with five elected Commissioners, who meet every Tuesday afternoon to manage county affairs. For more information go to www.co.cameron.tx.us.
TAXES
The State of Texas has no State income tax and allows for local tax incentives and exemptions from State sales tax. Local taxing discounts include a $15,000 homestead exemption, and a 20% exemption on both the Laguna Madre Water District and City of South Padre Island taxes. Cameron County offers a $12,000 exemption to taxpayers over the age of 65. Ad valorem taxes are assessed and collected by Cameron County. The City of South Padre Island has a 8.25% sales tax (1⁄2 % to Economic Development, 11⁄2 % to City of SPI and 61⁄4 % to State of Texas), and a 17% Hotel/Motel Tax (6% to State of Texas, of which 1% is returned to the City for beach renourishment, 8.5% to the Convention and Visitors Bureau, 2% for City Venue projects, and 0.5% to Cameron County for County Venue projects). For information on property taxes, contact the Cameron County Appraisal District at 956.399.9322 or visit their website at www.cameroncad.org
UTILITIES
Water and sewer needs for South Padre Island residents and businesses are managed by Laguna Madre Water District (956.943.2626), and waste disposal is provided by Republic Services (800.423.7316). Electrical service can be obtained from several suppliers (www.powertochoose.org), and land line telecommunication service is also available through multiple companies (www.connectmyphone. com). South Padre Island is serviced by numerous internet and cable provider companies. Check with your current carrier regarding availability and options. `
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