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Friday, May 02, 2014

Slight Delay In Pay Raises Helps OC Cut Budget Spending

OCEAN CITY – Tweaks made to the Ocean City budget for the upcoming year brings the proposed tax rate down a penny to the constant yield level.

A couple weeks ago Councilman Joe Mitrecic asked for an additional budget discussion prior to Fiscal Year 2015 Budget meeting its first reading on Monday.

“We are still a penny over the constant yield right now and I think that some of that in speaking with the budget manager can be reduced,” Mitrecic said at that time.

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