Proposed budget ups millage rate

Assembly could amend budget to prevent tax increase

The Borough Assembly reviewed the proposed fiscal year 2022 budget at a work session on April 21, which has a balanced General Fund.

In the proposed budget, the General Fund's total revenues and total expenditures equal $9,741,364 and is an overall increase of .39 percent from the adopted 2021 fiscal year budget, according to the proposed budget. The General Fund also uses a surplus of $231,805 to offset a loss in the state's reimbursement of the School Bond Debt payments.

The General Fund's total revenue is largely comprised of property tax, sales tax, and state and federal revenue, said Fina...


Reader Comments(0)

Rendered 07/18/2024 01:19