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Proposed Newtown Township Tax Increase is a "Little Troubling" But No Need to Worry...Yet!

Proposed Newtown Township Tax Increase is a "Little Troubling" But No Need to Worry...Yet! | Newtown News of Interest | Scoop.it

Newtown Township Manager Micah Lewis presented his “recommended” 2021 budget to the Board of Supervisors (BOS) at a public meeting on October 19, 2020.

 

Board members had surprisingly few questions to ask or comments to make. Supervisor Kyle Davis said the tax increase was “a little troubling, a little stressful. Nobody wants to see that. One the flip side there are a lot of good things in the budget that I think are necessary.” He expressed the need for more time to look it over before asking any questions.

 

"It's not a budget approval. It's not even an official budget,” said Chairman Calabro. “If anyone has seen this, they need not be worried right at this time."

 

If not now, when should you worry?

 

Residents must wait for the official “preliminary budget” to be adopted on November 10, 2020, and advertised to see the details. That version of the budget may or may not be the same as the “recommended” version presented on October 19. The “final” budget is scheduled to be adopted on December 9, 2020.

 

The proposed 2021 budget incorporates a 7.5 mill increase in municipal real estate tax revenue that will be deposited into the township’s General Fund (GF), which pays for personnel and other operating costs. In addition, the 1.0 mill RE tax previously dedicated to paying down loans for repaving 5 miles of roads also will be redirected to the GF. Thus, a total of 8.5 mills will be deposited into the GF. Note that 1.0 mill of property tax equates to about $350,000 in revenue.

 

More...

johnmacknewtown's insight:

You can listen to my 26-minute audio recording of Mr. Lewis’s presentation here: https://bit.ly/2021RecBudgetPreso 

 

Find the synopsis here: https://bit.ly/3oalgUf 

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Newtown News of Interest
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