The Port Freeport Commission has approved the Fiscal Year 2026/2027 budget and adopted a resolution maintaining a zero-tax rate for the third consecutive year, continuing the port’s commitment to fiscal responsibility and financial independence.
Port Freeport first achieved a zero-tax rate in 2024, marking the first time in its history that the Navigation District assessed no property taxes.
Continued growth in port operations and operating revenues has allowed Port Freeport to fund operations, meet debt service obligations and invest in strategic priorities without relying on local property tax revenue.
The FY 2026/2027 budget supports ongoing operations and strategic priorities while building on significant infrastructure investments made in recent years to accommodate international trade, attract new business and support economic activity throughout Brazoria County and the State of Texas.
Rob Giesecke, Chairman of the Port Freeport Commission, described the maintained zero-tax rate as a reflection of the port’s strong financial position and its commitment to responsible stewardship, noting that strategic investment continues while honouring the commitment to taxpayers of the Navigation District.
CFO and Director of Administration Rob Lowe attributed the achievement to disciplined financial management and continued revenue growth, characterising the port’s evolution into a financially self-sustaining seaport as a demonstration of the strength and sustainability of its financial position.
The port’s tax independence builds on decades of taxpayer investment and support, with Port Freeport now positioned to sustain operations and financial obligations entirely through operating revenues while continuing to serve as an economic engine for the region.
