The
budget includes Governmental Funds (general fund, special revenue
funds, capital improvement funds, debt service fund) expenditures of
$54,088,271 and Enterprise Funds expenditures of $39,727,931 for a total
of $93,816,202 in budgeted expenditures for all funds.
The
budget is $13,656,195 million more than the fiscal year FY 2016 budget,
due primarily to various street improvements, major water and sewer
projects, storm water management improvement initiatives and other
projects.
The
budget includes a property tax increase of two mills, which will
generate about $750,000 annually, primarily to help pay for four new
public safety employees and their related equipment, and for enhanced
paving and maintenance of the city’s roads. An increase of two mills in
the property tax equates to $8 annually for each $100,000 of residential
home value.
With
the two mils property tax increase, the city’s property tax rate is
41.3 mils, which includes 6.2 mils that will be cut in October 2019 when
the bond issue for the construction of the North Myrtle Beach Park
& Sports Complex has been paid off. It is still the lowest tax rate
in Horry County and one of the lowest in the state.
Currently,
Surfside Beach offers a property tax rate of 46.2 mills, Briarcliff
Acres 50.8 mills, Horry County 50.87 mills, Aynor 60.8 mills, Myrtle
Beach 74.5 mills, Conway 82.4 mills, Atlantic Beach 84.5 mills, Loris
115 mills, and the Horry County School District 133.1 mills.
The
budget also includes a $2 increase in the city’s monthly storm water
management fee, which will be applied to local storm water improvement
projects and will also help fund the next ocean outfall project at 18th
Avenue North, construction of which is scheduled to begin in FY 2019 at a
cost of about $11 million. The city will have about six ocean outfall
projects remaining after the 18th Avenue North project has been
completed, and the fee increase will also help to begin to fund those
projects.
The storm
water management fee was $6 per month for a single family home and has
increased to $8 per month. The $4 per month storm water fee for a condo
unit was $4 per month and has increased to $5.50 per month.
Some
additional highlights of the FY 2017 Budget include the bond issue for
the Cherry Grove dredging project; a final payment on a $1.2 million
platform fire truck; in-house capital improvement projects; more than
$1.5 million in road paving projects; the widening of Ocean Boulevard in
the Crescent Beach section; placing overhead utilities underground in
the same area; and improvements to 11th Avenue North.
The
budget also includes some funding for the start of about $1.7 million
in localized storm water improvement projects. The projects represent
the city’s response to storm water drainage challenges that arose during
the historically heavy rains experienced in North Myrtle Beach during
September and October of 2015. Projects that will most likely have to be
contracted out have been prioritized into four groups. A fifth group
was created that includes projects the city may be able to accomplish
using in-house personnel and equipment. Thus far, City Council has
determined that the city may be able to tackle many of the storm water
projects included in the first two priority groups during FY 2017, with
the rest being accomplished in FY 2018 and FY 2019.
The
continued addition of sidewalks and multipurpose paths in the city is
also part of the budget. Since 1995, the city has installed 34 miles of
sidewalks. The FY 2017 Budget includes additional sidewalks and paths
for the East Coast Greenway along Water Tower Road near Barefoot Resort
& Golf.
City Council passed first reading of an ordinance to amend the zoning ordinance text as it pertains to temporary, seasonal requirements for near-beach parking.
Like
other coastal towns and cities, North Myrtle Beach has always been in
need of more near-ocean parking opportunities for residents and
visitors. This need increases annually as tourism attendance grows, and
as residential developments are added within and outside the city
limits.
Some business
people who own lots in commercial sections of the city, such as Main
Street, would like to be able to offer year-round paid parking
opportunities within 1,000 feet or less of the oceanfront. These might
be attractive to residents and visitors who don’t mind a short walk to
the beach and paying for the convenience.
These
would be privately owned and operated parking lots. Allowing these
property owners to have relief from providing paving, curbing and
landscaping within such parking lots may mean the difference between
their being able to afford to offer additional parking or not.