OC’s Early Budget Plan Calls For Tax Increase; Average Taxpayer To Pay $40 More A Year

OCEAN CITY – The next fiscal year’s proposed budget for the Town of Ocean City was presented this week with a total operating budget of about $130.4 million, along with an increase in the tax rate that will affect the average taxpayer by about $40 per year.

“While the information has been presented and characterized as the City Manager’s FY14 Proposed Budget, I would like to characterize it as the preliminary working budget because we are just beginning dialogue,” City Manager David Recor said on Tuesday afternoon. “The budget is balanced, however as we go through this high-level discussion today and review the various funds we will focus on the general fund.”

The Preliminary Town of Ocean City FY14 Financial Operating Budget was prepared by department heads, Budget Manager Jennie Knapp and Recor, totaling about $130,397,000 in spending.
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