(Atlantic) The Atlantic City Council approved the maximum property tax levy for FY 2026.
City Administrator John Lund said this year, a $0.60 increase is scheduled across three levies, totaling an increase of 5.80% in property tax collections. To break that down, the General Levy is scheduled for a $0.16 increase, the Liability & Property Insurance Levy is schedule for a $0.03 increase, and the Debt Levy is seeing the greatest increase at $0.41. The proposed total property tax levy is $17.85 per $1,000 taxable valuation. The Council set the public hearing date for the proposed maximum property tax levy for Fiscal Year 2026 for March 26 at 5:00 p.m.
The Council set the date for a public hearing on a proposal to enter into a General Obligation Solid Waste Management Loan Agreement and to Borrow Money Thereunder in a Principal Amount not to exceed $90,000. City Administrator John Lund explained that the City is part of a 28E organization managing the Cass County Landfill and must provide financial support if needed. The Landfill has implemented a $12.00 per-capita fee, totaling $85,344 for the City, payable in four equal installments over the fiscal year. The public hearing will be held on March 5th at 5:30 p.m.
The Council set the date for a public hearing on proposal to enter into General Obligation Loan Agreement and to Borrow Money Thereunder in a principal amount not to exceed $4,300,000 for the purpose of paying the costs, to that extent, of constructing street, water system, sanitary sewer system, sidewalk and storm water drainage improvements; acquiring and installing street lighting, signage and signalization improvements; acquiring and equipping police vehicles; and acquiring and equipping ambulances. The public hearing will be held on March 5th at 5:30 p.m.
