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Lansford reports bleak financial outlook

Lansford Borough may have to put off paying some bills in December if they run out of money in their general fund.

Borough secretary Mary Fittos shared the borough's shaky financial outlook with council Wednesday night.She said depending on the amount of real estate tax that the borough collects between now and the end of the year, she may be unable to pay some bills.The borough has about $135,000 left in its 2015 general fund. It still has to pay $179,000 in payroll to its employees between now and the end of the year.Fittos said they are set to receive another $66,000 between last year's delinquent taxes and earned income taxes. But that will make it difficult to pay any bills after the borough pays its employees.Borough officials say that the financial shortfall can be attributed to the borough's low real estate tax collection rate. Council President Martin Ditsky said that the rate is around 80 percent.Ditsky said the estimated revenue projections the borough used for the budget are clearly no longer accurate, based on this year's collection rate.Ditsky said he believes the low rate can be attributed to a number of residents getting their properties reassessed at a lower market value, and the borough's abandoned properties.Council has arranged to receive a tax anticipation loan of at least $100,000 in January. That should allow them to pay any missed bills after the new year.