North Myrtle Beach Approves Preliminary Budget, Shows Likely Increase in Taxes and Fees

North Myrtle Beach Approves Preliminary Budget, Shows Likely Increase in Taxes and Fees

North Myrtle Beach residents are one step closer to a finalized 2025 budget, following a special meeting on Monday. If the budget gets approved in the upcoming votes, residents might observe an increase in taxes and several key fees.

First Budget Reading Passed

The special meeting was called to discuss and conduct the first vote on the proposed budget, which concluded within six minutes. It got unanimous approval, leaving just the final votes to be done for finalizing the 2025 budget. North Myrtle Beach Mayor, Marilyn Hatley explained that the proposed budget would implement changes in resident taxes and certain fees.

Change in Tax Structure

The planned budget is indicating a marked change in the tax structure, centering on property valuation. Currently, the tax stands at $4.50 per $100 in value assessment. If the budget passes, this would increase to $4.80 per $100. Alongside, residents will also have to face increased costs for water and sewer services.

Fees for Solid Waste Management to Rise

In addition to the hike in tax, the proposed budget also aims to up the solid waste charges by $2. According to Lauren Jessie, a spokesperson for North Myrtle Beach, the objective behind these changes is to fund some major city projects lined up for this year.

Major Projects in Sight

“Some of the key initiatives this year include the construction of Fire Station 7 and Barefoot Bridge. The budget also covers paving, stormwater drainage, and plans for developing the North Myrtle Beach Park and Sports Complex. Through these projects, we aim at further expanding the city and preparing it for future developments,” Jessie explained.

Public Response and the Next Steps

The special meeting saw the attendance of a few community members, including Jolene Puffer who voiced concern over meeting timing and short notice, which she thought could limit the number of attendees. Responding to this, Jessie mentioned that the city typically announces these meetings on the preceding Friday. In addition to this, they also notify the public via email and post updates on their website and social media.

As for the proposed budget, it is yet to face a second vote which will take place on June 17, during the city council’s regular meeting.

© 2024 HERE News Network. All rights reserved.