Tax increase unlikely in Lower Tow
Taxes are once again projected to remain stable next year in Lower Towamensing Township.
As part of the 2014 budget, township employees will receive a 2.5-percent increase in their salaries, as agreed upon during a nearly three-hour budget workshop session conducted by the board of supervisors Monday morning.
Supervisors agreed to increase the recreation fee $500, from $1,000 to $1,500; accept proposals for a new stenographer for the zoning hearing board; purchase a DeWalt 14-inch chop saw for $145; and purchase wrenches.
If supervisors approve the budget in its present form, it would leave the property tax rate at 1.6 mills.
For a person whose home is valued at $100,000 which would be assessed at $50,000 they would again pay $80 to the township in property taxes next year.
Next year's revenues are at $2,524,025, with expenditures at $715,856, for a surplus of $1,808,169.
Supervisors are expected to adopt the 2014 budget when the board meets at 7 p.m. Tuesday, Nov. 12.
This year's budget much like those in recent years also came with no tax increase.
That spending plan gave township employees a 3-percent increase; saw the township's contribution rate of the local services tax to the Aquashicola Fire Department increase from 28 to 30 percent; and saw the township raise its light fund rate 10 cents, from 25 to 35 cents per front foot, due to a then-$473 deficit, which meant the average person with a 50-foot frontage saw a $5 increase, while a person with a 30-foot frontage saw about a $3 increase.