North Beach adopts FY 2027 budget; constant-yield tax, water/sewer flat

North Beach has adopted its Fiscal Year 2027 operating and capital budget—setting the town’s spending plan for July 1, 2026 through June 30, 2027. The adopted approach keeps the town’s constant-yield property tax rate and, according to local reporting, does not adopt water and sewer rate increases for the coming year.

Adoption timing: Ordinance 26-01 adopted June 4; effective June 23

North Beach’s Budget Ordinance 26-01 was read and adopted June 4, 2026 and became effective June 23, 2026, after being read at two consecutive council meetings. The ordinance certification records 5 Aye and 0 Nay votes, with one council member listed as absent.

Property taxes: constant-yield framework and the FY 2027 rate

In the adopted budget materials, the town says it maintained the same property tax rate as FY 2026 and adopted the Constant Yield Tax Rate of $0.4859 per $100 of assessed value for FY 2027.

The budget explains that the constant-yield approach is intended to generate the same total revenue from existing properties as the prior year, even if property values rise—so changes tied only to rising assessments don’t automatically push taxes higher. The town also notes individual bills may still vary based on changes in state property assessment factors.

Southern Maryland Chronicle also reports that the budget reflects an increased county tax differential, projected to provide about $88,000 in savings to town residents by accounting for municipal services already provided locally.

Water and sewer: no adopted rate increases for FY 2027 (bills still depend on use)

The ordinance states it establishes fees for water and sewer for FY 2027 in the attached fee materials.

For the question most residents care about—whether rates were raised—Southern Maryland Chronicle reports that no rate increases were adopted for the coming year. Separately, the adopted budget explains that water and sewer services are supported through user service charges, with the sewer fund operating as a self-sustaining, user-supported fund.

That means water and sewer bills can still move based primarily on how much is used, even if the adopted rate schedules don’t change.

Debt and infrastructure: continued principal payments, plus a 6-year CIP

The adopted budget keeps debt and infrastructure priorities in view through both the operating funds and the utility enterprise funds, including principal-payment line items described as:

• SunTrust Refi 1991 Water Bond principal (water fund)
• WWTP ENR principal (ENR loan) (sewer fund)

For capital projects, the budget includes a six-year Capital Improvement Plan (CIP). It lists FY 2027 projects such as Boardwalk Repairs (7th Street), generators for pump stations, SCADA, and Green Infrastructure – Construction.

Southern Maryland Chronicle adds that progress toward long-term debt reduction is part of the FY 2027 plan, reporting that one existing bond is scheduled to be paid off in January 2027, with two additional debts set for payoff in 2028.

Where to verify the numbers

Residents can review the legal and table details supporting these policy choices in:

• Budget Ordinance 26-01 (adoption/effective dates and ordinance language)
• FY 2027 Adopted Town Council Budget (constant-yield explanation and budget tables, including utility and CIP sections)

Sources

• Town of North Beach — FY 2027 Adopted Budget Ordinance 26-01 (PDF)
• Southern Maryland Chronicle — North Beach budget includes debt payoffs and grant efforts (local reporting, June 9, 2026)

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