Close this search box.

Friday, June 21, 2024


Employee Costs Drive Wildwood Tax Rate Increase

Wildwood Logo
Wildwood Logo

By Christopher South

WILDWOOD – Wildwood will spend about $2 million more in 2023 than in the prior year, with a little over half going to employee costs.
The City of Wildwood introduced the 2023 municipal budget March 15, and this year will see revenues and appropriations of $36,894,240 in 2023, an increase from $34,865,638 in 2022. Salaries and wages for the city’s 147 employees will rise by roughly $1 million in 2023 to $15,520,590.
Mayor Pete Byron said employee health care and pensions, along with contractual pay raises, account for the rise in employee-related costs.
The 2023 local purpose tax rate will be $1.5920 per $100 of assessed value, up from 1.5740 in 2022, or a 0.018-cent increase. The increase will amount to a local tax increase of $54 per year on a $300,000 home.
The city’s ratable base grew somewhat to $1.416 billion, putting just another $14,000 in the city coffers. The city will raise $22,536,499 from the local purpose tax.
Wildwood plans to end the year with a surplus of $4,611,219, which is $409.500 less than in the prior year. Nearly $3 million from the surplus will be applied to the 2023 budget, leaving the city with a fund balance of $1,678,699.
The 2023 City of Wildwood municipal budget will be presented to the public at the Board of Commissioners meeting scheduled for April 26 at 5 p.m. A public hearing on the budget will be heard at that time.

Spout Off

Del Haven – Convicted felons should not be allowed to run for office . They can’t own a gun , So why should they be allowed to run for political office. Isn’t that like letting the fox into the chicken coop

Read More

Del Haven – Digital World has issued this warning to investors about the merger with Trump’s Trump Media & Technology Group (TMTG): The Trump Taj Mahal filed for Chapter 11 bankruptcy in 1991. The Trump…

Read More

Avalon – Here’s a suggested quiz for the schoolchildren of Louisiana: ‘Look at the poster on the wall of the Ten Commandments and write down the total number Donald Trump has broken.

Read More

Most Read

Print Edition

Recommended Articles

Skip to content