Skip to content Skip to left sidebar Skip to right sidebar Skip to footer

Commissioners introduce 2020 budget

During their regular meeting on August 17, 2020, the Borough commissioners introduced the municipal budget for 2020.

The budget proposes total expenditure of $19,181,684.00, of which $12,232,816 will be raised through property taxes. The proposed local purpose tax rate is 0.5284 cents per $100 of assessed property valuation.

For the owner of a property assessed at the borough average of $ 488,481, local purpose taxes will be $2,581, an increase of $26 over last year’s taxes.

Two other examples:

  • Property value = $ 244,241. Taxes = $ 1,291. Increase = $14.
  • Property value = $ 732,722. Taxes = $ 3,872. Increase = $40.

Local purpose (municipal) taxes represent a little over 17% of the total property tax bill.

Apart from employee salaries, benefits, and pension payments ($8,634,733), which make up 47% of the budget, the largest expenditures include stormwater improvements ($2,995,000) and the Borough’s annual road program ($2,240,000).

The Budget Recapitulation document is available HERE.

A public hearing on the budget will be held during the Commissioners’ regular meeting on Tuesday, September 22, 2020, after which the Commissioners may vote to adopt.

0 Comments

There are no comments yet

Leave a comment

Your email address will not be published. Required fields are marked *