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Assembly approves 11.45 mill rate

 

On Friday, the borough assembly approved one of two resolutions that set the millage rate at 11.45 mills for service area one.

The millage rate is the amount per $1,000 of the property's assessed value that is used to calculate taxes within the borough. The mill rate reflects a scenario where Gov. Mike Dunleavy does not veto the state legislators' 2020 fiscal year state budget and funds the state's portion of the school bond debt reimbursement. If the governor does veto the budget, the assembly can reconvene at a later date and approve the second resolution, which increases the mill rate...



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