Financial Report Shows Toll Revenue Surging to $16.9M Through June 2025

The Bridge Board Meeting held on July 23, 2025, in Pharr, Texas, highlighted significant financial updates that reflect the city's ongoing management of toll revenues and expenses. The meeting revealed that total revenues for the first nine months of 2025 reached approximately $16.89 million, with a substantial 92% derived from toll fees, amounting to over $15.5 million. This marks a 7% increase compared to the same period last year, indicating a positive trend in toll crossings.

Operating expenses for the same period were reported at about $3.48 million, with personnel costs making up roughly 30% of this total. The board noted that operating expenses accounted for 21% of total revenues, demonstrating effective budget management. The breakdown of expenses included significant allocations for debt service and contractual services, which are crucial for maintaining the city's infrastructure.

The meeting also addressed the status of the city's bond projects, with $37 million allocated to the bridge bond and $18 million for the stevedore project. Year-to-date funding for these projects shows that 40% of the bridge bond has been utilized, while 20% of the stevedore project funds have been accessed. This careful financial oversight is essential for ensuring that the city meets its infrastructure needs while remaining within budgetary constraints.

Overall, the discussions during the meeting underscored the city's commitment to transparency and fiscal responsibility, which directly impacts the community by ensuring that toll revenues are effectively reinvested into local infrastructure and services. As the city continues to manage its finances prudently, residents can expect ongoing improvements in transportation and public services.