City Council passes Ordinance 1998, Adoption of a BO Tax to fund Marina Restoration
The Oak Harbor City Council approved Ordinance 1998, implementing a Business and Occupation (B&O) tax to fund marina restoration efforts. The ordinance aims to generate essential revenue for improving the marina, which serves as a vital economic asset for local businesses and tourism. Council member Magi Aguilar emphasized the marina's role in attracting visitors, stating that the enhancements would foster a vibrant waterfront. The decision reflects broader efforts to revitalize Oak Harbor's infrastructure and promote economic growth. The council expects the tax revenue to provide a stable funding source for ongoing marina projects.
This move is part of a strategic plan to enhance community resources and increase local engagement. The implementation of the B&O tax underscores the city's commitment to fostering a thriving business environment. The council believes these improvements will lead to long-term benefits for Oak Harbor's economy.