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Oak Island council adopts FY 2026–27 budget, sets tax rate at $0.20; fee schedule approved with BOA, Par-3 edits
Summary
Council adopted the FY 202627 budget and set the tax rate at 20 cents per $100 of assessed value, approved a fee schedule with edits (BOA variance fee retained at $350 for one year; Par-3 resident/nonresident bifurcation restored) and approved several routine consent items and appointments.
Oak Island Town Council voted to adopt the fiscal year 202627 budget and set the tax rate at $0.20 per $100 of assessed value, including 3 cents for a beach nourishment fund and 7 cents earmarked for the fire department.
During new-business discussion councilmembers moved and the council approved the budget ordinance as presented. The meeting record shows the motion to adopt the budget and set the tax rate carried.
Council also debated and approved a package of fee-schedule edits. After discussion the board agreed to keep the Board of Adjustment (BOA) variance fee at $350 for one more year (the staff recommendation had been to raise it to $500), citing concern that a higher fee could deter residents with legitimate hardship from seeking variances. Council additionally directed staff to restore a bifurcated resident/non-resident structure for Par-3 annual memberships and to add a reduced tranche for seniors, military and first responders; the fee schedule was approved with those edits.
Other financial housekeeping included a corrected solid-waste budget amendment (an increase to $338,400 to reflect higher diesel usage) on the consent agenda and the councils continued emphasis on maintaining the towns favorable financial position.
Votes and next steps: The budget adoption and fee-schedule motions passed at the meeting. Specific fee amounts and any implementing ordinances will be reflected in the towns adopted budget and fee schedule documents; council asked staff to return with finalized materials and to implement the resident/non-resident adjustments for recreational memberships.
