The coming year’s budget for Ocean City government will advance to a final vote later this month.
On Monday, the City Council agreed to pass the first reading of an ordinance to approve the fiscal year 2027 operating budget. The spending plan totals $199,146,280, with a general fund budget of $130,583,911 and a tax rate of .4326 cents per $100 of assessed value.
“The fiscal year 2027 proposed operating budget sets the tax rate at .4326 cents per $100 assessed value which is one cent lower than the FY 2026 rate,” City Manager Terry McGean said during a public hearing Monday. “Real property tax revenues will increase by $4,582,889.”
Through a series of work sessions held in early April, the City Council met with department heads to review their proposed budgets for the coming fiscal year, which starts July 1. Those discussions wrapped up with officials revisiting a handful of budgetary items before agreeing to advance the spending plan to a first reading.
Back on the agenda Monday, the City Council voted 4-0, with Councilman John Gehrig absent, to approve the budget and advance it to a second reading. As proposed, the plan lowers the real property tax rate to .4326 per $100, which is lower than the current rate of .4426 and higher than the constant yield rate of .4002. The constant yield rate is the rate needed to generate the same revenues as the year prior.
How does Councilman John Gehrig keep missing meetings over and over again but yet always gets re-elected?
“Capital projects have also been funded at $4.74 million in the coming fiscal year. That figure includes $1 million for the sports complex?”
Those clowns are still beating that dead horse? What a waste of tax dollars and clearly they are not listening to the people. Ocean City is TOO CROWDED as it is! Let’s all vote each and everyone of these clowns out of office!