When one thinks of communities that would have budget woes, Limerick Township is not normally a place that would pop into your head.
The 22.6 square mile township has 13,534 inhabitants (2000 census). 85% of Limerick’s residents own a home. The estimated median house/condo value in 2008 was $271,583. The estimated median income in 2008 was $81,877. Only 1.9% of its residents live below the poverty level. These numbers are well above the state averages.
Somehow, the township found themselves with an $850,000 deficit going into their 2011 budget process. Declines in land development and permits (recession) were blamed. The end result was making some hard decisions about purchases and facility upgrades along with the elimination of two staff positions.
Bottom line here is that taxes will not increase for 2011 and the budget trimming will not reduce services for residents.
Demographic information is from City-data.com
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