Stone Harbor Council Rescinds Budget

Stone Harbor Borough Council is planning to rescind its 2024 budget and the budget amendment adopted on April 16 at its Tuesday, May 7, meeting. The resolutions to rescind were published as legal notices prior to the May 7 meeting. The Cape May County Herald reports the May 7 meeting will also see a new amendment and a new budget adopted. This means the tax levy and the appropriations in the general purpose budget will not change appreciably, or the borough would have to readvertise the budget, falling back to where it was when the budget was reintroduced. On April 16, the council adopted a $22.2 million budget for 2024 that raised the local purpose tax rate by 1 cent.