City of Ocean Springs FY 2025-2026 Budget GENERAL FUND Budget Budget REVENUE FYE 9/30/25 FYE 9/30/26 Ad Valorem Taxes $ 5 ,112,697.95 $ 6 ,187,055.00 Prior Year Taxes $ 2 7,600.00 $ 2 7,600.00 Land Redemption $ 3 0,000.00 $ 3 0,000.00 Homestead Exemptions $ 3 25,000.00 $ 3 25,000.00 ABC License $ 1 00,000.00 $ 1 00,000.00 Gasoline Tax $ 1 4,000.00 $ 1 4,000.00 Utility Franchise $ 8 25,200.00 $ 8 25,050.00 Licenses and Permits $ 3 73,000.00 $ 3 85,000.00 Intergovernmental Revenues $ 36,900.00 $ 40,140.50 Sales Tax $ 6 ,600,000.00 $ 6 ,700,000.00 Government Services $ 1 2,000.00 $ 1 2,000.00 County Road Tax $ 8 75,000.00 $ 8 75,000.00 Jackson Co BOS $ 3 68,000.00 $ 2 60,000.00 Fines and Forfeits $ 2 42,200.00 $ 2 42,200.00 Rentals and Leases $ 2 63,905.00 $ 2 15,855.00 City Participation Fees $ 3 30,000.00 $ 3 50,000.00 Flow-thru funds-other agencies $ 6 6,626.00 $ 6 6,626.00 Transfer from other funds $ 4 70,085.00 $ 1 07,570.55 Mary C Income $ 5 1,500.00 $ 5 2,500.00 Other Income $ 3 98,500.00 $ 4 98,500.00 Total Revenue $ 1 6,522,213.95 $ 1 7,314,097.05 Cash carry over $ 2 ,130,000.00 $ 1 ,700,000.00 Total income $ 1 8,652,213.95 $ 1 9,014,097.05 Budget Budget EXPENSES FYE 9/30/25 FYE 9/30/26 MAYOR Personnel Services $ 2 48,229.00 $ 2 53,632.00 Supplies $ 8 ,900.00 $ 1 1,900.00 Contractual/Other Services $ 3 37,943.00 $ 3 40,512.00 Grants, Subsidies $ 6 ,000.00 $ 6 ,000.00 Capital Outlay $ - $ - BOARD OF ALDERMEN Personnel Services $ 1 55,340.00 $ 1 49,379.00 Contractual/Other Services $ 2 5,900.00 $ 1 5,900.00 Grants, Subsidies $ 2 2,000.00 $ 7 ,000.00 Capital Improvements $ 4 2,500.00 $ 4 2,000.00 Transfers $ 2 0,000.00 $ 2 0,000.00