01 Sep ********CMC Herald*** Municipalities 2023 Taxes – WHY?
Dear West Wildwood Friends and Neighbors,
Below is an abridged version of an article in the Cape May County Herald dated August 31, 2023 regarding tax increases this year. Please read the entire article for context on the Herald’s website.
“COURT HOUSE – All but three of Cape May County’s municipalities increased the local purpose tax rate in their 2023 budgets. For those that increased, the range ran from a bit over 1% in three towns to 9% in Middle Township to just over 11% in Upper Township.
West Wildwood’s $3.5 million budget is over 75% dependent on tax revenue. The budget is close to 90% funded by a combination of the tax levy and the surplus used. There are very few other sources of revenue.
The 2023 budget calls for a 5.24% increase in the local purpose tax rate. In addition to the general fund budget, the town has a sewer utility budgeted at $880,000 and in which 21% of revenue goes to sewer utility debt service.”
The CTWWW Advisory Council