Tuesday, November 22, 2011
Bethlehem Township Proposes No New Taxes Next Year
In the General Fund, the Township anticipates receiving nearly $15,897,458 next year, including nearly $10 million in real estate taxes and an opening balance of $1.6 million. It will spend over $7 million for public safety, $2 million for public works, $1.1 million for culture and recreation, $1.1 million in debt service and nearly $3 million in general government expenses. The budget also calls for a transfer of $275,000 to a capital reserve fund. Added up, expenditures next year are estimated at $14,777,109, leaving a projected fund balance of $1,120,349.
From its $808,000 capital reserve fund, the Township plans to spend $792,000 for unspecified capital purchases.
Freda told Commissioners he is recommending keeping the sewer rate and 5.99 millage rate steady next year. Under that rate, a home assessed at $75,000 would be taxed $449.25.
Although Commissioners had no questions, President Arthur Murphy - himself an accountant - praised Freda for doing a "great job" with the budget.
Township Commissioners will address the budget again at their next meeting on Monday, December 5, 7 PM, at the Township Municipal Building, located at 4225 Easton Avenue.