Souderton eyes possible 3.7 percent tax hike
It looks like most Souderton homeowners can expect to pay $25 to $30 more next year in borough property taxes.
A budget proposal hiking taxes from 4.9925 mills to 5.175 — a 3.7 percent increase — was reviewed at Souderton Borough Council’s Oct. 15 administrative work session.
“It’s about as low an increase we can put together and still be somewhat comfortable with the budget,” Borough Manager Mike Coll said.
With a proposed 2013 general fund totaling $2,650,165 in income and expenses of $2,644,431, though, some of the council members weren’t feeling too comfortable.
Council President Brian Goshow said he’d put question marks beside several of the numbers, particularly those on the income side, because he wasn’t sure those numbers could be achieved.
“With only $5,000 of wiggle room, every one of those question marks I have becomes potentially catastroph- ic,” Goshow said.
Cuts in expenses were already made last year, so it will be difficult to find more places to cut back, he said.
“Obviously, the only way to make that up is a bigger push in the tax increase,” Goshow said.
Before directing Coll to increase the tax hike, though, council decided to hold another meeting at 7 p.m. Monday, Oct. 22 to go over the numbers again.
The currently proposed 0.1825 mill tax hike includes 0.1 additional mills for the general fund, taking that from 4.65 to 4.75 mills, and a 0.0825 mill hike for the library tax, taking it from 0.165 to 0.2475 mills.
In the wake of the Souderton Area School District dropping its former 0.165 mill tax collection for the library, Indian Valley Public Library has asked the six municipalities in the school district — Souderton, Telford, Franconia, Lower Salford, Upper Salford and Salford — to double their rates from 0.165 to 0.33 mills to make up the $440,000