OCEAN ISLE BEACH—Balancing a budget is never easy, but this year it’s even harder for commissioners and town officials in Ocean Isle Beach.
Recent tax revaluations hit the town hard. Ocean Isle Beach suffered a 33 percent decrease in property values. The goal of commissioners and staff is to create a revenue-neutral tax rate for the 2011-2012 fiscal year starting on July 1, 2011. They said that means tough budgeting decisions will have to be made.
Last Thursday, the board and staff met for the first of several budget workshops.