Be the first to like this
Mayor Alexander and Borough CFO Sharon Smith introduced a 2010 Municipal Budget on April 20th announcing a projected decrease in property taxes for the second year in a row and the first back to back property tax reduction in the Borough in 68 years. The reduction is projected to be (.4%) or a $30 savings for a home assessed at $295,000. Because of the Governing Body's continued focus on fiscal responsibility and running the Borough like a business, they were able to handle a 20% reduction in aid from the State, while not layoff or furlough employees nor cut services to provide a 2.46% increase in the Municipal tax levy. The School District tax levy request increased 2.48% from 2009 and the County is projected to increase 6% over last year.