Bucks County Herald

Doylestown Township projects 0.5-mill tax increase

DANA M. ECKMAN

Doylestown Township residents will pay a 0.5-mill increase in property taxes next year, according to a preliminary budget presented during the Nov. 20 board of supervisors meeting.

The tax rate will increase to 12.375 mills. A township resident owning a property assessed at the township average $40,638 would owe $502.90 in property taxes yearly.

The 2019 preliminary budget weighs in with revenues expected to be $16,280,462 and expenses expected to be $21,117,690. The township is using $4,837,228 million in reserve funds including funds from the recent bond issue for the building construction project.

Projects on deck for the New Year include completing the Township Building, road resurfacing and drainage, bridges and stream crossing repairs, MS4 stormwater work, trail work and recreation improvements at Turk Park I, II and III and a marked patrol car. The township focused on the 2019 budget but also worked on projecting revenues, expenditures and capital needs through 2023.

The budget document provides information for 2019 as well as where the township will be financially at the end of 2023. The document can be reviewed on the township’s website at doylestownpa.org.

The township will end 2019 with a fund balance of $7,330,132.

Township supervisors will put the budget to a final vote at their Dec. 18 meeting.




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