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Newtown Township Supervisors Approve the 2022 Budget While a Resident Offers Suggestions for Improving the Budget Process

Newtown Township Supervisors Approve the 2022 Budget While a Resident Offers Suggestions for Improving the Budget Process | Newtown News of Interest | Scoop.it

The Newtown Township 2022 Budget was approved unanimously by the Board of Supervisors at the December 8, 2021, public meeting. The vote was 4-0 vote (Mr. Oxley was absent).

 

The only change from the Preliminary Budget was an adjustment of tax revenue projections: increasing the year end projection by $18,000 for Delinquent EIT tax and increasing the year end projection for Real Estate Transfer tax by $165,560. These amendments resulted in a 2022 year end fund balance figure of $1,504,615 which equates to 10.09% of total budgeted expenditures.

 

Meanwhile, in a public comment before the BOS, resident Frank McCarron gave the Township Manager a lesson in how to properly develop the township budget based on actual numbers rather than essentially cutting and pasting from previous budgets and making inaccurate income and expenditure projections. Mr. McCarron didn't use that language, but as a Supervisor that's how I see the current process.

 

View an 11-minute video clip of Mr. McCarron’s comments and see the Approved 2022 Budget…

 

johnmacknewtown's insight:

According to Section 3202 of PA ACT 69:

 

During the month of January next following any municipal election, the board of supervisors may amend the budget and the levy and tax rate to conform with its amended budget.

 

Any amended budget must be adopted by the board of supervisors on or before the fifteenth day of February. No proposed amended budget shall before final adoption be revised upward in excess of ten percent in the aggregate or in excess of twenty-five percent of the amount of any major category in the proposed amended budget. A major category is a group of related revenue or expense items, the combined total of which is listed as a line item.

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Newtown News of Interest
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