SID budget introduced

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OCEAN CITY — Ocean City Council approved the introduction of a $259,612 budget for the Special Improvement District in 2013 at its meeting Jan. 24.

Last year, the SID budget totaled $294,160.

SID is broken down into three segments: the Boardwalk Merchants Association, merchants on Ninth Street from the bay to Asbury Avenue, and Main Street, comprised of the downtown along Asbury Avenue from Sixth to 12th streets. Property owners along those areas are charged a special tax, which is calculated using the linear frontage along the street.

The final vote on the budget will be at the Feb. 28 meeting.

Paul Cunningham of P. Francis, representing Main Street, said that the levies collected for the 2013 budget were as follows: $87,495 for the boardwalk, $17,790 for Ninth Street, and $78,922 for Asbury, totaling $184,207. The budget also includes money raised through fundraising.

Cunningham said expenses are broken down by each segment, and also include repayment of a no-interest state loan which is halfway done being paid off. He said one of the major changes in Main Street’s budget was going from a fulltime executive director of Main Street to a part-time executive director. Cunningham said this was due budget constraints, including the Ninth Street merchants breaking off to form their own entity in 2012.

“It is important that we do continue our marketing efforts for downtown,” he said, adding that Main Street is committed to working more closely with the city.


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