**Tijuana’s City Council Approves 2025 Revenue Law**
In a significant financial move, Tijuana’s City Council has approved the Revenue Law for the fiscal year 2025. The council’s decision was met with majority support, establishing a revenue target of 12 billion 522 million 969 thousand and 121 pesos for the XXV Municipality. This initiative emphasizes fiscal responsibility and efficiency in managing local finances.
The newly approved revenue plan includes measures to generate an additional 840 billion 796 million 458 thousand pesos compared to the previous year. It also introduces several new charge rights across various municipal departments without imposing a fresh burden on citizens, thereby aiming to streamline collections and plug legislative gaps. This is expected to curb any unofficial practices or potential corruption within city operations, ensuring that all incoming resources are utilized to benefit the community.
Notably, the update of the property tax aligns with the city’s commitment to fiscal equity and manages the vertical growth observed in Tijuana. Specifically, luxury condominiums in high-value areas will face adjusted tax rates more comparable to those of lower-value horizontal homes.
The council has also passed a fiscal stimulus decree for 2025, which includes using the Table of Cadastral Values from 2020 for the initial months and offering a 10% discount from January to March to encourage compliance.
**Latest Insights on Tijuana’s Fiscal Plans and Community Initiatives**
Further news from Tijuana highlights ongoing municipal efforts beyond fiscal planning. Recently, there was the resolution of civil registration issues in local delegations, ensuring smoother citizen services. Moreover, there are proposals to improve accessibility to the residential area of Santa Fe, which highlights the city’s growth strategies.
Culturally, Tijuana’s administration holds the power to restrict events that glorify organized crime, demonstrating a commitment to community values and safety.
On another front, economic challenges arise with potential changes in U.S. leadership, impacting the border region’s economy. Local activists remain hopeful as they anticipate no immediate implementation of Mexican immigration checks at the SY border crossing, even as economic penalties loom for cross-border transport of marijuana products from San Diego to Tijuana.
In social news, there are initiatives to address issues faced by indigenous communities displaced by violence, with efforts underway to document the affected populations. The city is also focusing on supporting youth through initiatives like the “Todos Conectados” program, designed to provide economic assistance to students, albeit for a limited enrollment period.
Overall, Tijuana is actively working on multiple fronts to enhance fiscal policy, community safety, and social welfare, aiming for a balanced and progressive growth.