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Cape May City Budget Rises by $2.6M, but Tax Rate Stays Level

Cape May City Budget Rises by $2.6M, but Tax Rate Stays Level

By Vince Conti

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CAPE MAY – The City Council has adopted a $39.9 million budget for 2024 with no local tax increase. The local purpose tax rate will remain at $0.361.

The general fund portion of the budget was $26.8 million. The city’s three self-financing utilities complete the budget, at $7.6 million for water and sewer, $4.2 million for the beach utility and $1.3 million for the tourism utility.

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