Fulton Financial To Cut 14 Branches, Including 1 In Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

Fulton Financial is closing 14 branches, including one in Lancaster County, as part of a cost-cutting program worth $8 million annually.

The action was disclosed Wednesday by E. Philip Wenger, chairman, president and chief executive officer.

Wenger spoke during a conference call to discuss Fulton’s fourth-quarter and 2013 results with analysts who follow the firm.

Fulton is closing six branches in Pennsylvania, five in Maryland and three in New Jersey by the end of the second quarter.

Read more: http://lancasteronline.com/business/local_business/fulton-financial-to-cut-branches-including-in-lancaster-county/article_10b11eee-8436-11e3-bf19-001a4bcf6878.html

Local Tax Hikes Add To Burden Around Luzerne County

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

At least 11 of Luzerne County’s 76 municipalities are increasing real estate taxes this year, according to statistics compiled by the county treasurer’s office.

These increases are on top of an 8-percent tax hike for all county property owners, which amounts to $42 more on a $100,000 property.

White Haven has the highest percentage increase — 31.6.

The owner of a $100,000 property in the borough will pay $60 more, with a tax bill increasing from $190 last year to $250 in 2014.

Read more: http://timesleader.com/news/local-news/1138044/Local-tax-hikes-add-to-burden-around-county

Conrad Weiser OKs Tentative Budget With 0.54-Mill Tax Hike

Map of Berks County, Pennsylvania, United States Public School Districts (Photo credit: Wikipedia)

The Conrad Weiser School Board approved its tentative 2013-14 budget Wednesday, but board members are considering lowering the proposed tax increase before the final vote in June.

The board voted 6-3 to approve the $42.7 million tentative budget with a 0.54-mill property tax increase, the maximum allowed under the state’s Act 1 index.

Board members Margaret G. Rumbaugh, Tammy Starner Wert and William T. Carl Jr. voted no, saying they preferred a 0.42-mill increase that would balance the budget but leave the district with a smaller financial cushion.

The 0.54-mill increase will generate about $110,000 more revenue than is needed to balance the budget, Director of Business Robin L. Robertson said.

Read more:  http://readingeagle.com/article.aspx?id=477499