Ocean City is facing a $1.5 million budget shortfall in the next fiscal year.
Council members are trying to come up with ways to close the gap ranging from upping parking lot fees and municipal bus fares to the creation of a stormwater utility.
The Salisbury Daily Times reports that the council is likely to hike the property tax rate by 1 percent with every penny generating $863-thousand in revenue.
Meanwhile, City Manager David Recor, who was hired in June, said that money could be saved by cutting back or eliminating some part-time positions while full-time jobs could be turned into part time positions.
The resort is currently facing rising health care costs, equipment needs, fuel increases and legislative mandates.
There is also a potential impact on current negotiations between the city and the police and fire department unions.
