Budget holds line on taxes
UPPER POTTSGROVE >> The 2019 budget adopted unanimously Dec. 17 by the board of commissioners will not raise property taxes.
However, the budget does require pulling $235,055 out of the township’s “operational reserve” in order to be balanced.
The 2019 budget calls for spending $3,412,281.93 in 2019, but anticipates revenues of only $3,177,226.07.
The deficit of was covered by taking out of the township’s “operational reserve fund.”
After taking the $235,055 from the reserve, the fund will be left with $612,000.
The commissioners, absent Commissioner Martin Schreiber, adopted both the budget and the 4 mill tax rate unanimously.
Of the 4 mill rate, .6 of that is for fire protection.
A home assessed at $128,000 — the township
median — will pay $552.80 in township property taxes in 2019.
The budget is the eighth the township has adopted in the last nine years that does not raise taxes.
However, the 2016 budget raised taxes by 13.9 percent.