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Chesapeake Beach previews FY27 budget, plans $18 million water-park construction and taps reserves to balance books
Summary
At a work session, town staff proposed a FY27 budget that holds the real‑property tax rate steady while using bond proceeds and about $18 million in transfers from fund balance to finance a water‑park construction project; councilors questioned revenue projections, speed‑camera contract changes and capital priorities.
The Chesapeake Beach Town Council reviewed proposed FY27 budgets in a work session that laid out revenues and a capital program centered on an $18 million water‑park construction project and a mix of capital improvements.
Treasurer Dan presented the general fund revenue package, saying the proposed real‑property tax rate would remain at 0.2977. Because assessed values in town rose roughly $27 million, keeping the rate the same would generate an estimated $82,000 in additional real‑property revenue and push projected property‑tax receipts to about $3.2 million for FY27. The FY27 revenue picture also reflects higher admission/amusement taxes and a projected rise in…
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