WEST WILDWOOD – The Borough of West Wildwood introduced its 2023 municipal budget March 3 and has provided the Herald with a copy of the budget, which includes a roughly 6-cent increase on the tax rate.
The 2022 local purpose tax was $1.146 per $100 of assessed value and would be $1.206 with the increase. The difference for a $300,000 home would be another $180 per year.
The borough will collect $2,703,413.21 through the local purpose tax and will raise revenues of $3,497,175 in 2023 and appropriate the same amount. That is an increase of about $186,000 over 2022.
Commissioner Joseph Segrest outlined some of the reasons for the increase over 2022, including spending another $71,000 for police wages. Commissioner John Banning said the increase in police salaries and wages was due to the change to all full-time officers.
The borough will see a minimal increase in state aid of $2,100, and it will increase its surplus from $310,000 in 2022 to $392,000 in 2023.
The borough’s tax collection rate is 98.14%.
Cape May – To the Cape May Spouter complaining that the Spouts are no longer "just Good Old Local Gossip, that's fun to read", let me remind them that Pope Francis said "Gossip is an evil…
