It was a good year for Ocean City when it came to revenue.
It was up slightly with increases in service fees and bond proceeds.
Room sales were up 6.25 percent and beverage sales were up by over 4 percent.
The town also issued over 15-hundred construction permits in 2012 which is down from just over 16-hundred in 2011.
The Salisbury Daily Times reports that the estimated value of construction in 2012 was $35.4 million.
That’s up from $25.5 million the year before.
Property tax revenues did take a hit forcing the resort of increase its tax rate to 45.85 cents per $100 of assessed property value.
The fiscal year saw that amount to $42.5 million
