Newtown Rings In New Year With Reduced Tax Increase From 2011 Prelim Budget
Newtown Township passed its 2011 budget with a 9 percent tax increase, a 0.5 percent decrease from its initial 9.5 percent.
Newtown Square–Down 0.5 percent from its initially proposed 9.5 percent, Newtown Supervisors passed its 2011 budget–just hours to spare before deadline–with a 9 percent tax increase at a special re-convened budget meeting Dec. 31. With the new 9 percent tax increase number, the average homeowner in Newtown Square–assessed at $256,940–will look to pay $51.75 more per year in municipal taxes. At the proposed 9.5 percent, the average homeowner would have paid $54.62 more per year. In other words, Jim Sheldrake, township manager, said the average homeowner is looking to pay approximately $1 per week or $0.14 per day with the 9 percent tax hike. The township's 2011 total general fund expenditures amounted to nearly $7.5 million, in which …
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Larry
11:11 am on Saturday, January 1, 2011
The Supervisors Who Can’t “So where can we cut?” This is what Supervisor Linda Houldin had to say about the $7,480,853 budget that was approved for Newtown Township. In November the Preliminary Budget called for expenditures of $7,514,853. After “Going over the budget extensively” right up to the very last minute, 4:00pm on December 31, the township administration identified a total of $34,000 in… more ›