City Council introduced a $218.6 million budget Wednesday night that lowers the local tax rate while giving significant raises to all city workers, but there was little detail available to the public about how it accomplishes all of that.
It was the first in-person regular council meeting since the start of the pandemic in early 2020. A public hearing on the budget will be held during council’s meeting at 5 p.m. May 18.
The municipal tax rate will fall roughly 5 cents, from $1.6480 to $1.5997 per $100 of assessed property value, Chief Financial Officer Toro Aboderin said. Read More from Press of Atlantic City.