how long is the perry township tax referendum

This uncertainty will likely continue to offer obstacles to the Township’s operations, our local economy, and our budget,” McNeely said in his message.Īccording to some of the highlights that will be presented by township staff in upcoming meetings, a home with an assessed value of $350,600, which equates to a market value of $887,000, would pay $1,469 in township taxes. “As we look ahead to 2023, there are cautionary signs including higher inflation and a concern that we could be heading into a recession. Now, as the township looks toward the future, there are growing concerns over inflation and a looming recession. “Beginning in 2021 and continuing this year, the Township has benefitted from a revenue rebound, and significant federal aid through the American Rescue Plan (ARP), which will provide the Township with financial flexibility moving forward,” he said. In his budget message to the commissioners, McNeely said the township’s budget outlook changed dramatically over the past three years.Īt the start of 2020, the township’s budget looked strong, but once the government-ordered pandemic shutdowns began, they had massive impacts on township operations and township revenues were depressed. This Proposed 2023 Budget will be used by the Board to further establish priorities for the next year and serve as a clear communication device for the Township’s future fiscal operating needs,” McNeely wrote in his budget message to the commissioners. “This would be the 12th year in a row without a change to the Township’s Real Estate Tax (RET) millage and would be the longest consecutive period without a tax increase since World War II. Montgomery County and Lower Merion School District approve budgets and tax rates separately.Īccording to Ernie McNeely, it’s been several decades since the township last went this long without a property tax increase. Lower Merion Township officials Friday released information on the township’s proposed 2023 budget.Īccording to figures released, for the 12th consecutive year, the millage tax rate for Lower Merion Township will remain at 4.19. This week, township officials plan on presenting next year’s budget that, if approved by the commissioners in December, would extend the no-tax-increase streak. LOWER MERION - It’s been 11 years since Lower Merion Township last increased property taxes.

How long is the perry township tax referendum