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    <loc>https://www.ouroceancity.org/statements/ocean-city-isnt-spending-too-much-on-projects-its-spending-too-much-periodnbsp</loc>
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      <image:title>STATEMENTS - Ocean City Isn’t Spending Too Much on Projects. It’s Spending Too Much, Period.&amp;nbsp; - Make it stand out</image:title>
      <image:caption>Sources: 2026 Proposed Municipal Budgets filed with the NJ Department of Community Affairs. Combined budget includes General Fund plus Beach and Tourism utilities where applicable; Water and Sewer utilities excluded for comparability across towns. Bond ratings: Avalon (S&amp;P AAA, 2024); Stone Harbor (S&amp;P AA+, raised 2020 and confirmed April 2026); Cape May (S&amp;P AA, assigned August 2025); Wildwood (S&amp;P AA−, November 2025); Ocean City (S&amp;P AA). S&amp;P Global rating report on Ocean City (full text available at jaygillian.com/media/SPglobal-OceanCityNJ.pdf).</image:caption>
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