The Bucks County commissioners do not plan to raise taxes to cover a $12 million deficit in the county budget for 2021,and will use available federal CARES ACT funding to help bridge the gap.
But, that infusion of cash must be used this year on allowable pandemic-related expenses. By using the federal money now, it will allow the county to carry over $20 million from its general operating fund balance into the 2021 budget, officials said.
The general fund balance will balloon from $30 million to "north of $50 million," county Finance Director David Boscola told the commissioners during a Zoom public hearing on the $467 million budget Wednesday night.
County Commissioner Director Diane Ellis-Marseglia said the county wouldn't rule out tax increases in future years, but since so many residents have been economically affected by the pandemic this year, she hoped the taxes could remain at the current rate of 25.450 mills or $25.45 for each $1,000 of assessed property value.
County Commissioner Director Diane Ellis-Marseglia said the county wouldn't rule out tax increases in future years, but since so many residents have been economically affected by the pandemic this year, she hoped the taxes could remain at the current rate of 25.450 mills or $25.45 for each $1,000 of assessed property value.
"I hope we don't need to do a tax increase, to put this on the shoulders of taxpayers this year, " she said.
The county commissioners are expected to adopt the final budget at their next public meeting, 10 a.m. Wednesday. That meeting will be held at the Bucks County administration building in Doylestown, but in-person capacity is limited. The meeting will be live-streamed on the county's Facebook page.
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This is good news because 17% of Newtown residents’ property tax goes to Bucks County. Read How to Calculate Your Yearly Newtown Township Property Tax; https://bit.ly/CalcREtax
Meanwhile, At the November 25, 2020, Newtown Board of Supervisors (BOS) meeting, the supervisors voted 4-1 to advertise (aka, "hang") the preliminary 2021 Newtown Township budget. This was NOT an approval of the proposed budget. The earliest that supervisors can vote to approve the budget is December 22, 2020.
Over 400 residents have signed a petition to oppose this budget and there is a call for a Newtown Taxpayers Alliance to oppose this and "any other insanely high township tax increases in the future."
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