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Wildwood Crest introduces cap-bank ordinance and local budget; commissioners tout limited tax increase
Summary
The commission passed first reading of an ordinance to establish a cap bank for 2025 and adopted a resolution introducing the local budget; officials said the proposed 2025 budget would keep the municipal tax increase to roughly $63 annually for a $650,000 home, with a public hearing and final adoption dates scheduled in March.
The Wildwood Crest Borough Commission passed ordinance 4448 on first reading to establish a 2025 cap bank and adopted a resolution introducing the borough's fiscal year 2025 budget.
Commissioners moved and seconded the ordinance during the meeting; the clerk advertised the second and final public hearing for March 12, 2025, at 9:30 a.m., with final budget adoption scheduled for March 26, 2025. The…
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