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Ocean City Maryland > Ocean City MD Maryland News > Ocean City Council Increases Reserve Fund Threshold

Published On: 4/28/22

Council Increases Reserve Fund Threshold

By: Shawn Soper via Maryland Coast Dispatch

OCEAN CITY – After months of debate, resort officials this week approved a proposed budget redirection plan that includes, among other things, increasing the minimum threshold for reserve fund balance from 15% to 17%.In the weeks since fiscal year 2023 budget deliberations, City Manager Terry McGean, Budget Manager Jennie Knapp and Finance Director Chuck Bireley... Read more »

The post Council Increases Reserve Fund Threshold appeared first on News Ocean City Maryland Coast Dispatch Newspaper.