Lower Gwynedd Township 2021 Budget & Fiscal Plan Adopted With No Tax Increase
Spring House, PA- December 22, 2020
The Board of Supervisor’s approved the 2021 Budget and Fiscal Plan at their Regular Meeting held on December 8th, 2020. There is no tax increase included in the 2021 budget. The millage rate will remain at 1.223. The General Fund Budget totals $8,779,074. Revenue derived from the Earned Income Tax will generate approximately 52.4% of General Fund receipts. Revenues from all funds total $15,873,906. This total does not include the three pension funds.
The Township voted to keep all tax allocations the same. The Township will continue to provide funding to the two volunteer fire companies for 2021 at the normal 70/30 distribution between Wissahickon and North Penn Fire Companies. The 2021 allocation will be $363,681 to the two volunteer fire companies serving Lower Gwynedd. This amount includes revenues derived from the real estate fire tax and an additional contribution of $165,000 from the General Fund approved by the Board of Supervisors. The Board of Supervisors also increased their donation to the Community Ambulance Association of Ambler from $15,000 to $30,000 for 2021.
The Township Recreation Fund totals $445,708 and is used to maintain the Township’s extensive park and trail system and to offer different programs and events throughout the year.
There are no proposed changes to the sewer rates. The Sewer Funds total $3,640,340 of which $1,260,682 of this total is paid to Ambler Borough for waste water treatment charges and capital project costs for the treatment plant.
The Township has allocated $442,130 for the repaving of Township roads and various costs associated with such. Funds have also been allocated for new equipment purchases among other things. Traffic Impact Funds in the amount $1,892,154 will be expended to complete a traffic signal audit, prepare the McKean Road Traffic Study, revise the Act 209 Study, and begin Phase 2 of the Spring House intersection realignment project with the assistance of the Multi-Modal Grant funding.
The 2021 Budget and Fiscal Plan are available on the Township’s website. The Supervisors thanked the staff for their hard work in preparing the 2021 Budget.
For Immediate Release