North Myrtle Beach
North Myrtle Beach, located along the scenic Atlantic coast, is a vibrant destination known for its pristine beaches, lively entertainment, and rich history. Originally settled in the early 19th century, the area developed as a key port and fishing community. Over the decades, North Myrtle Beach has transformed into a popular tourist destination, welcoming millions of visitors annually seeking relaxation and recreation. Its historic sites, including the Starili Plantation and the historic Cherry Grove Pier, reflect its deep-rooted history. Today, North Myrtle Beach combines natural beauty with modern amenities, making it a premier spot for vacationers and locals alike, while preserving its cultural heritage and community spirit.
News Summary
North Myrtle Beach has officially approved a budget of $211.9 million for the upcoming fiscal year, maintaining the property tax rate for residents. This budget allocates funds for crucial infrastructure improvements, including significant investments in the city’s water and sewer systems. City Manager Ryan Fabbri has indicated that a property tax increase may be considered in the future due to declining revenue. The budget also plans for employee pay raises and enhanced public safety measures with updated equipment and staffing.
North Myrtle Beach Approves $211.9 Million Budget for Fiscal Year 2026 Without Property Tax Increase
North Myrtle Beach city leaders have approved a budget totaling $211.9 million for the fiscal year 2026, a move made official during a city council meeting on June 23. Notably, the newly approved budget maintains the property tax rate, ensuring there will be no increase for residents this year.
City Manager Ryan Fabbri has expressed that a property tax increase may be necessary in the following fiscal year due to decreased property tax revenue projections. For fiscal year 2026, the existing property tax millage remains at 45 mills per $1,000 of assessed property value. City officials project the property taxes will generate approximately $27.2 million this year, marking a decline from the estimated $28.3 million revenue in 2025.
Budget Allocations and Infrastructure Improvements
The approved budget outlines significant allocations for capital improvements, with $35.7 million earmarked specifically for enhancements to the city’s water and sewer infrastructure. Within this allocation, $20 million is set aside for water transmission improvements, which includes a $10 million investment for a new transmission line connecting to Myrtle Beach.
In response to rising costs from the Grand Strand Water and Sewer Authority, the city plans to increase water fees by seven cents and sewer fees by eight cents. This adjustment is aimed at covering the enhanced operational expenses linked to these services.
Employee Compensation and Staffing Increases
To support city operations effectively, the budget incorporates employee pay raises based on comparisons with other governmental jurisdictions in the region. This financial planning has resulted in an increase in personnel and training costs from $41.2 million to $48.9 million. Furthermore, the number of full-time staff positions is set to rise from 505 to 554, which includes the addition of 14 new employees within the fire department.
Public Safety Equipment Investments
Investments in public safety have been prioritized with significant allocations for equipment upgrades. The budget includes provisions for:
- Purchasing 10 new patrol vehicles for the North Myrtle Beach Police Department at a cost of $720,000.
- Acquiring an SUV and a transit van for the North Myrtle Beach Fire Department totaling $165,000.
- Spending $350,000 on a pre-emption system designed to alter traffic signals during emergencies.
- Allocating $765,000 for state-of-the-art computers and radios for the police force.
Additionally, $12 million has been budgeted for the construction of Fire Station No. 7, reflecting a commitment to bolstering fire services in the community.
Focus on Sports Tourism
The city is also placing emphasis on enhancing sports tourism, as reflected in the ongoing development of the North Myrtle Beach Park and Sports Complex. This initiative aims to attract more visitors and create a vibrant atmosphere for sports and recreational activities.
Future Considerations
While the current budget avoids a property tax increase, preparations for potential changes in the following fiscal year are already being discussed. Officials recognize the importance of balancing the city’s financial health with community needs and infrastructure development, making strategic planning essential for the years to come.
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Additional Resources
- My Horry News: North Myrtle Beach Passes $211.9M Budget
- WMBF News: North Myrtle Beach Home Development Approval
- WPDE: Amazon’s New Same-Day Facility in North Myrtle Beach
- Myrtle Beach Online: Local News Update
- Encyclopedia Britannica: North Myrtle Beach
