Lansdale 2012 $30M Budget Has No Tax Increase
Borough manager presented borough's investments to the town in a presentation Wednesday
Lansdale Borough is poised to pass a $30.5 million budget with no real estate tax increase for 2012 on Dec. 21. The proposed budget also includes a fund balance, as of Jan. 1, 2013, that is $321,600 greater than it was at Jan. 1, 2010. In the 2011 budget, a $472,000 surplus remained following $29.5 million in revenues and $29 million in service costs. That surplus was transferred to the reserve fund. Of that $472,000, $150,400 of it was set aside last year and it will now be used to balance out the revenue requirements for the proposed expenses in 2012, according to borough manager Timi Kirchner. That leaves $321,600 available for future budgets. The current real estate tax millage in Lansdale is 3.5 mills. Taxes were raised in the 2011 …
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