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Oak Harbor finance director outlines secondary revenue streams, legal limits and 2024 figures
Summary
David Goldman, the city's deputy administrator and finance director, presented Oak Harbor's 2024 revenue mix beyond property and sales taxes, highlighting a $3.7 million utility-tax contribution, the market-sensitive real estate excise tax, $1.6 million in fuel-tax shares for roads, variable grant receipts (including $7.2M in 2022 from ARPA), and development fees that fund growth-related infrastructure.
David Goldman, deputy city administrator and finance director for the City of Oak Harbor, outlined the city's secondary revenue portfolio at part 3 of the city's revenue series, stressing that utility taxes, state-shared revenues, user fees and one-time grants complete the municipal funding picture beyond property and sales taxes.
Goldman framed the presentation as a technical look at restricted and variable sources that underpin public services and capital work. He said the utility tax is Oak Harbor's most consistent unrestricted contributor outside the general fund: "In 2024, this source generated an actual revenue of $3,700,000," with sewer, electric and storm-drain charges among the largest components.
The finance director cautioned that some important revenue streams are legally restricted or…
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