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Fiscal Year 2008-09 Budget |
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Effective July 1, 2008 |
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Effective July 1, 2008, the City of Myrtle Beach's ad valorem property tax rate is 64.1 mills, an increase of three mills and the first millage increase in several years. The city's budget for 2008-09 totals $159,214,386, including $104,118,521 for operations, $14,159,726 for debt service and $40,936,139 for new capital authorizations, including a mile-long oceanfront boardwalk. A summary of the budget is available below, along with the actual budget ordinance. Looking back, here are details of the 2007-08 budget, which ends June 30, 2008. The ad valorem property tax rate for 2007-08 is 61.4 mills, and the spending plan totals $132.5 million, including $18.9 million for new capital improvement projects and $12.1 million for debt service. The budget documents below provide more detail about the city's services and revenues in 2007-08:
The 2007-08 budget included funding for a Martin Luther King, Jr., holiday, the Independence Day celebration, increased fuel costs, salary and health insurance adjustments, federal lobbying efforts for stormwater and other needs, and the second year of the Mayor's Cup golf tournaments. Minor fee increases are included for cemetery lot prices, ambulance service, planning and zoning services and solid waste collection.
Note: Acrobat Reader, available free, is needed for PDF files.
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