Ocean Pines approves Fiscal Year 2019 Budget
Ocean Pines approved a fiscal year 2019 budget on Sunday.
Ocean Pines has been experiencing significant losses lately. Officials say they have hit an almost $2 million deficit over the last two years alone.
They mostly blame the losses on a broken budget.
This year's $11.4 million dollar budget will set a $951 assessment for Ocean Pines residents, which is a $30 increase from last year.
John Bailey, Ocean Pines General Manager said, "The summary is we're at 951, that's an $11.4 million dollar budget, of that $951 dollars, $70 dollars of that is applied or addresses the deficit basically creating a surplus in that 2019 budget."
That surplus is estimated to be about $590,000.
The new budget is set to take effect in May.