Ocean City’s 2013 fiscal budget that lowers the property tax rate by a penny and dips into the resort’s reserve funds to make up the difference got a slim majority of the Town Council.
Council members Jim Hall, Joe Hall, Brent Ashley and Margaret Pillas cast their votes for the spending plan that includes A 45.85 cent tax rate on $100 of assessed property value.
Council members Lloyd Martin, Doug Cymek and Mary Knight opposed the budget saying they did not want to take the $860-thousand from the reserve fund.
They said the town should keep at least $10 million in reserve for unexpected expenditures.
The Salisbury Daily Times reports that there were no other changes proposed in the $76.1 million general fund budget that comes in $670-thousand less than last year.
