OCEAN CITY PASSES BUDGET WITH ADDITIONAL CUTS

Ocean City Council adopted the 2010 budget after making additional cuts that lowered the tax increase to less than one penny. The municipal budget will result in a tax rate increase from 0.349 cents per $100 of assessed value in 2009 to 0.3587 cents, a .97 percent increase, with the total amount to be raised from taxes increasing from $44,697,831 in 2009 to $46,103,105 in 2010.
Earlier in the budget process an additional $257,000 was cut including two performances of the Ocean City Pops, two fire vacancies – reducing the City’s full time workforce to 261 employees, and a capital project to clean up the site was eliminated.  Also revenue enhancements were realized as a result of Council action.  In total, City Council cut $493,000 from the amount to be raised by taxes since the January 14, 2010 budget was proposed by Mayor Perillo.

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