$28.5M budget won’t raise taxes in 2019
The $28.5 million budget unanimously adopted by the board of supervisors Dec. 18 will not raise property taxes in 2019.
Although taxes will not go up, some incidental fees for township services, like those paid by developers and those who want police coverage by off-duty officers, will go up next year as the result of a separate unanimous vote taken the same night.
Specifically, the 2019 budget anticipates spending $28,476,433 with an unchanged millage rate of 2.593 mills.
One thing different over the 2018 budget will be the complete absence of debt.
That’s thanks to the $75.1 million August sale of the township’s sewer system to Aqua PA.
That money not only retired all the sewer system’s debt, with a technical exception, but will also pay off the $3.5 million left on the debt for the new public works facility, the new Limerick firehouse and the $5.2 million the township borrowed to complete the $10.5 million township building.
Both were bank loans and can be paid off any time, said Assistant Township Manager Beth DiPrete, who said the move saves $1 million in interest payments.
What will remain is $3 million from a 2015 township bond that cannot be paid off until 2020, she said. Some of that money was old sewer debt and the rest was used to purchase the Linfield Sports Park.
With all debts paid, the township will still have about $55 million on hand, which it intends to
invest in the hopes of using the proceeds of that investment to pay for capital projects and increased costs that come down the pike.
DiPrete also said $20,000 from the 2018 budget set aside for the design of a new township seal was not spent and has been carried into the 2019 budget, when that work will be done.
The 2019 budget also includes a contracted 3 percent raise for the township’s police department. The board also approved the contracted reduction of the police employee contribution to their pension plan from 5 percent to 2 percent.