FOR IMMEDIATE RELEASE
City Council passes Ordinance 1998, Adoption of a Business and Occupation Tax to fund Marina Restoration
Oak Harbor, WA – On August 6, the City Council passed a Business and Occupation (B&O) Tax with a five to one vote in favor of the tax. The new local B&O tax will apply to the amount of gross receipts over $4,000,000 in a year and $1,000,000 per quarter. This change takes effect on October 1, 2025.
The tax will fund the sorely needed Marina dredging and breakwater repair. The Council felt this was an appropriate measure to assure the future of the Marina and the Oak Harbor Bay for recreation, wildlife, and tourism.
This decision was taken after thoughtful analysis by City staff and Council over more than a year and fourteen meetings, two Open Houses, and multiple public comments. The Mayor and City Council appreciates the active participation of both staff, Marina Advisory Commission, and public in providing input on this matter. The plan for implementation is ongoing and staff will be providing additional updates to the Council at future meetings.
We have made the meeting a featured video on our YouTube page at www.youtube.com/CityofHarbor
You can view the Agenda here: www.oakharbor.gov/AgendaCenter
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For more information, contact Communications Office, Magi Aguilar at maguilar@oakharbor.org