Property owners in McAllen will now be paying a penny more in taxes every year as the City Commission approved a $260 million budget .
The approved budget included a one cent property tax hike which translates to nearly $650,000 dollars annually to the city budget. Currently McAllen homeowners are paying close to $500 dollars annually, but McAllen Mayor Cortez says now is not the time to be raising taxes on citizens even if it is just a penny, "Now is the time when we really have to hold hands and do all the right things for everyone. The way that everybody benefits is for the business to be good, the economy to be strong and anytime you impose more taxation on businesses then that works against those principles."
Despite the increase McAllen's property rate remains below most cities in the Valley.