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Taxes cut by 0.25 mill in Summit Hill budget

A slight decrease in taxes is part of the 2015 budget of Summit Hill borough.

The borough council adopted the final budget by a 4-1 vote during a meeting Monday. The budget shows a decrease of 0.25 mills.Opposed was Michael Kokinda. He didn't indicate why he was against the budget.In favor were Council President Jesse Walck, Michael Alabovitz, John O'Gurek and Bill O'Gurek. Absent were Gregory Kosciolek and Bill Chapman.The budget is based on 15.6 total mills, which is less than last year's assessment of 15.85 mills.This means a house with a $30,000 valuation would see a $7.50 reduction in taxes for the property owner.The total reduction is in general purposes millage, which is 13.6 mills, compared with 13.85 mills in the 2014 budget.The budget has a 1.5-mill assessment for street lighting and a half-mill assessment for fire protection.Budget figures show anticipated revenue and expenses totaling $1,461,535. Over half the income is based on the property tax, which is expected to generate $750,500.The local tax enabling act, which includes per capita taxes, occupation taxes, real estate transfer tax and earned income tax, should net $271,300 in income.A separate portion of the budget includes the water company, which the borough anticipates having beginning June 1 when it is scheduled to dissolve the existing water authority.The water company budget shows seven months of anticipated revenue of $208,950 and expenses of $183,171.41. The total revenue over expenses totals $25,788.59.