### Proposed Property Tax Increase in Tijuana and Multiyear Contracts for Strategic Projects
The Mayor of Tijuana, Ismael Burgueño Ruiz, has proposed a significant increase in property taxes for the city’s 2025 Income Law, which will be voted on by the City Council. The proposal includes a 50% rise in property taxes, along with an increase in parking fees from 10 to 20 pesos for the first hour. These changes are part of several hikes in public service fees by the municipal government.
The proposal also seeks to authorize multiyear contracts, aiming to ensure the financial sustainability of strategic projects and essential services. This move would allow Tijuana to collaborate with state and federal agencies, incorporating various financing mechanisms to maintain liquidity for these projects. However, the proposal does not specify any projects or define them under the debt category.
A notable change in the property tax calculation is the shift to considering 100% of the property’s construction value, from the previous 50% assessment in 2024. For instance, properties in certain areas will face a new rate, leading to increased costs per square meter in regions like Costa Hermosa and Parque Industrial La Joya.
Despite the tax increases, the administration aims to provide fiscal stimuli through a 10% discount in the first quarter of 2025. The anticipated tax revenue from these measures is projected at 1.34 billion pesos, marking a 15% rise from the previous year.
In addition to property taxes, the changes will also see a surge in costs for civil registry services and safety certifications managed by the municipal fire department. If approved, the overall budget, totaling approximately 12.52 billion pesos, will move to the Baja California Congress for further consideration.
### Additional News
In related news, broader economic measures in Tijuana are being closely monitored. As part of the city’s strategic financial planning, authorities are exploring partnerships with federal institutions to address long-term development goals. These partnerships are expected to bolster economic growth and enhance public infrastructure, benefiting residents and businesses alike.
Recent decisions by local lawmakers have also focused on fostering technological advancements and sustainable practices across various sectors. These initiatives could potentially offset the challenges brought by changes in taxation and service fees, aligning with Tijuana’s aspirations for future prosperity.