Proposed budget ups millage rate
Assembly could amend budget to prevent tax increase
April 29, 2021
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...