Towanda Borough Council Passes $4.9M Budget Thursday, Tax Rates To Remain The Same

Map of Pennsylvania highlighting Bradford County

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

TOWANDA, PA – The Towanda Borough Council on Thursday adopted a final $4.9 million borough budget for 2014, which leaves the borough’s tax rates unchanged.

The budget keeps the borough’s services the same as they were, borough Manager Kyle V. Lane said.

The council also voted unanimously to adopt the salaries for the borough’s employees for 2014, which in most cases had been previously set by union contracts.

However, the borough’s four non-unionized, salaried employees, including the borough manager, will receive a 2 percent “cost of living” raise, the council decided.

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Reading City Council Adopts $84 Million Budget; Most Taxes Remain Unchanged

A 1947 topographic map of the Reading, Pennsyl...

A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)

City Council on Monday approved a 2014 budget of $84.4 million that leaves most tax rates the same, but puts about $1.5 million into a contingency fund that may be needed to pay for its recycling program.

Council also voted 6-1 to turn down Mayor Vaughn D. Spencer’s request to switch to a land-value tax that he said would spur economic development.

Councilman Jeffrey S. Waltman Sr. voted for the move, which Spencer had called his signature initiative.

The land-value tax would have lowered the tax rate on each property’s buildings by 20 percent a year until it’s entirely eliminated, but make up for that by raising the tax rate on land.

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Montgomery County Holds Line On Taxes In 2014

Map of Pennsylvania highlighting Montgomery County

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

NORRISTOWN, PAMontgomery County will balance its 2014 budget without raising taxes, according to Chief Financial Officer Uri Monson.

It will be second straight year tax rates in the county have not been raised, Monson told the county commissioners Thursday.

The county projects $371,510,842 in total revenues and $371,473,973 in expenditures for 2014, with a year-end operating surplus of $36,869 in the general fund budget, Monson said.

The county also expects to have just over $41 million in the fund balance at the end of the year, he said.

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Limerick Township Budget To Fund More Police

Location of Limerick Township in Montgomery County

Location of Limerick Township in Montgomery County (Photo credit: Wikipedia)

LIMERICK — Township residents will see their taxes increase slightly this year as the board of supervisors voted to approve the proposed budget with no changes.

Although taxes will increase 25 percent, as they did in 2012, the raise is actually less than half a mill.  The rate went from 1.516 mills to 1.895, meaning a property in the township assessed at $150,000 would have a year-total tax increase of $56.85.

The $8,010,752 budget was approved 3-1 at a Dec. 18 meeting.  Thomas J. Neafcy Jr. was the sole vote against the budget. Kenneth J. Sperring Jr. was not at the meeting, according to township manager Dan Kerr.

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Lower Providence’s Final 2013 Budget Adopted With No Tax Increase

Location of Lower Providence Township in Montg...

Location of Lower Providence Township in Montgomery County (Photo credit: Wikipedia)

LOWER PROVIDENCE — The final, $9,557,713 2013 budget was unanimously adopted Thursday night by the Board of Supervisors with no increase in the township’s 1.512 mill real estate tax rate.

For a homeowner with a home assessed at the township average of $167,022, the 1.512 mill tax rate translates into a township tax bill of $252.54.

The township will use the $730,023 fund balance from the 2012 budget to balance the 2013 budget, said Township Manager Richard Gestrich, when the preliminary budget was adopted in mid-November.  To give the township budget some operating capital while tax revenues are trickling into the township accounts during 2013, the board also approved transferring $425,000 from the unrestricted capital account.

“At the end of the budget year we will need the balance of the $425,000 to get through the end of the year,” Gestrich said.

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