Lower Merion Decides Tax Windfall Will Prevent 2013 Rate Hike
As required, officials have allocated an unplanned $6.9 million.
The Lower Merion Board of Commissioners elected Wednesday night to allocate a recent $6.9 million business-tax windfall as suggested by the township manager, including using as much as necessary to prevent a property-tax increase in 2013. The money came in after court settlements in the fall, but because state laws restrict the amount of surplus in a municipality's general fund, it all needed to be allocated to specific purposes, commissioners had been told. The 12 members present Wednesday night voted unanimously for preventing a 2013 tax increase (the 2012 budget was tax-neutral also) and for further funding the township's capital improvement plan. Asked how much the zero-tax-hike initiative would cost, Township Manager Doug Cleland …
In this Article:
Lucy Bennett
1:54 pm on Friday, April 6, 2012
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