Page 14 - Approved Annual Budget FY 2019-2020_Flat

McAllen MSA Unemployment Rate
Ten Year History
14%
12%
10% 7.40% 8.20% 7.80%
8% 6.90% 6.30% 5.10% 5.20%
6% 4.70% 4.50% 4.00%
4%

2%
0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Fiscal Year Ending

Source: Texas Workforce Commission

Another useful source of information for assessing the City’s economy is the McAllen Area Economic
Pulse report, published by the McAllen Chamber of Commerce. A copy has been included in the
Supplemental Section of this budget, pages 319-320. This year’s report indicates an improvement over
last year’s number. According to the latest report available, August 2019, the economic index for the
McAllen Area increased from 188.2 in 2018 to 194.7 in August 2019. This index reflects for the McAllen
area economy an increase in retail sales of 8.4% and airline boarding’s increase of 21.4%, motor vehicle
purchases of 4.2%, new home purchases of 2.2% and lodging tax receipts by 9.5%.

Some of the City’s more significant statistics, reflective of its economy, have been positive. Property values
have increased.

McAllen’s Share of Property Tax Bill

Dr. Dist #1 McAllen ISD So. Tx College So. Tx ISD City of McAllen
$0.1051 $1.1528 $0.1733 $0.0492 $0.4956

2019-2020 Budget Message iii