|Hanover Tp Supervisors, with CPT John Wittmaak, at Armed Services Park|
One piece of very good news is that the Township's debt service. Though it's currently set at $500,000 per year, it will drop significantly in 2016 to about $147,500 per year. "I don't think any municipality can make that claim," stated Township Manager Jay Finnigan.
On another financial front, Treasurer Ryan Kish told Supervisors that revenues are up 24% while expenses are down 13% from over the same period last year.
"I guess we should keep our Treasurer," joked Chairman John N. Diacogiannis.
Public Works Director Vince Milite explained one way in which expenses have been reduced. Changing electricity providers to Patriot Energy has saved the Township $15,000 in its electric bills over the past two years.
Milite also reported that his department has just finished installing 136 new traffic warning signs throughout the Township. In 2011, the Township installed new traffic advisory signs.
Supervisors also awarded a $246,537 road paving contract to Hanson Aggregates, located in Stroudsburg, for this year's road paving.