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Oak Island Budget Concerns

The total cost of the Towns new Wastewater System is more like $130 million according to the Towns Financial Feasibility Evaluation released in early 2008. The Towns Budget will roughly double from $16 million in FY 2008 to approximately $30 million in FY 2011. It was interesting what the Mayor had to say about paying his property taxes. Look up Trace Properties on the County and Town websites and note the 2007 property taxes still owed on parcels 235KE010 and 235KE011

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