OIB approves 2019-20 budget with 2-cent rate cut

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By Sharon Chance

 The Ocean Isle Beach Board of Commissioners approved the 2019-20 budget during their regularly scheduled meeting Tuesday, June 11, following a public hearing in the Betty S. Williamson Meeting Hall.

The ad valorem tax rate for the coming year is .1639 per $100 valuation compared to the 2018-19 tax rate of .1875 per $100 valuation. The town’s tax collection rate is 96.21 percent, according to Town Administrator Daisy Ivey.

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