CAPE MAY CITY – The city’s chief financial officer says that the city enjoyed a strong summer season, financially.

CFO Kevin Heine told the City Council Sept. 17 that one of the best barometers of a healthy tourist season is occupancy tax revenue, where he projected that the city would top $4 million for the first time, when only $3 million had been budgeted. Heine also projected parking revenue to be above the $2 million in the 2024 budget.

The CFO put beach tag revenue through August at $3.5 million, up 27%. He added that revenue from tourism events are in line with the previous year.

With three self-financing utilities, a robust shared-services program and the influx of tourist and guest dollars, Cape May City’s general fund budget only relies on taxpayer dollars for 40% of its revenue, the lowest ratio of tax levy to total general fund revenues in the county.

Contact the reporter, Vince Conti, at vconti@cmcherald.com.