MILFORD TWP., Pa. - Residents in Milford Township won’t see any tax increases next year because, as one township official explained, the government has been “fiscally prudent” with the way they deal with finances that end each fiscal year with a surplus.
Members of the board of supervisors provided highlights of the 2018 budget following their meeting Wednesday night.
According to the handout, the total $5.5 million balanced budget with the general fund of just over $2 million does not exceed the revenues.
Township manager Jeff Vey said the proposed budget reflects a financial growth and increased number of project improvements to local infrastructure.
“We’re very aggressive in our capital program as local governments should do,” Vey said.
With the capital fund budgeted for $135,500, most of that expense will go toward the Mill Road reconstruction, provide for future improvements that include Weiss Road bridge replacement, reconstruction of Parkview Road, and installation of a storm basin on Sleepy Hollow Road.
Vey said because the township has been “tight” in its revenue projections, it has led them to be more accurate with numbers as to be certain not to have any “surprises."
“We start out with a presumption that taxes will not be raised, and the way we do that is we project revenues and then that becomes the constraint for the spending,” Vey said.
The open space fund is the second largest budgeted item next to the general fund with over $1.8 million. Officials listed several improvement projects that include extending and overlaying Molasses Creek trails, installing pickleball courts at Milford Square Estates, as well as expanding parking.
The current local income tax rate of 1.75 percent will remain as is. Of that, 1 percent will go to the Quakertown Community School District.
Officials plan to advertise the budget to the public in the coming weeks and set to vote on it during the December 5 meeting.
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