Wildwood Announces Public Meeting on Fiscal Issues

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WILDWOOD – Commissioner of Revenue and Finance Pete Byron will hold a Town Hall Meeting on Monday, September 24th, to discuss several important issues which will have a critical impact on the City’s fiscal condition. The public is urged to attend in order to learn details of the Commissioners’ recently passed balanced budget and new revenue enhancing initiatives.
The Board of Commissioners passed several ordinances with significant economic impact at their meeting on Wednesday, September 12th. These included adoption of a balanced budget for 2012, approving a long-term lease for City property at 4101 Boardwalk and authorizing the acquisition of 3700 Pacific Avenue for public use.
The meeting will be held at the Byrne Community Center, 401 West Youngs Avenue, Wildwood, from 6:00 to 8:00 PM. Attendees will have an opportunity to comment and ask questions. The Town Hall Meeting will include a presentation from Robert E. Swartz, CPA and Registered Municipal Accountant, who has prepared an independent audit of the City’s financial balance sheets. Stuart B. Wiser, PP, AICP, of Remington & Vernick Engineers, will give a presentation on the City’s vision for downtown redevelopment, focusing on the vacant property at Pacific and Oak Avenues. The property is being acquired by the City through the Cape May County Open Space Program, at no cost to taxpayers.
“We have worked diligently to pass a balanced budget with a zero tax increase and have developed new revenue sources that will help reduce the tax burden on property owners for years to come,” said Commissioner Byron. “We have returned fiscal sanity to Wildwood and I’m very excited about the financial plan we have in place, including both spending cuts and long-term revenue sources. I am concerned, however, that some residents may be misinformed about some elements of the plan. It’s very important for people to hear the facts, learn the details and ask questions. Our future depends on moving Wildwood forward on a sound financial foundation.”
For more information about the Town Hall Meeting or other City business, please call 609.522-2444.
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OFFICE OF THE
BOARD OF COMMISSIONERS
(609) 522-2444 PH
(609) 523-2444 FX