Newtown News of Interest
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Bucks Commissioners OK 2020 Budget with a 1 Mill Tax Increase

Bucks Commissioners OK 2020 Budget with a 1 Mill Tax Increase | Newtown News of Interest | Scoop.it

Bucks County residents will have to dig a little deeper into their pockets next year come tax time.

County commissioners approved a $452.6 million budget for 2020 on Wednesday that includes a 1-mill tax increase that equates to a $36.50 hike for residents paying the average tax bill of about $880 a year to support county government operations.

The millage increase will bring in about $8 million in revenue to the county.

Along with the tax increase, the county will use nearly $7.6 million of its $33.18 million fund balance from this year to fill a near $16 million deficit.

 

Since this was an election year for commissioners, the budget can be reopened and voted on again by the new board early next year, officials said. For the first time in decades, the Democrats will control county government. They have a transition team in place looking at all aspects of operations and finances now.

 

The final budget must be adopted by Feb. 15 to allow time for tax bills to go out to county property owners by March 1.

johnmacknewtown's insight:

Meanwhile, Newtown Township Supervisors held the line with NO real estate tax increase for 2020 (http://sco.lt/5ihIZM). For the average Newtown Twp homeowner a 1 Mill tax increase amounts to about $48 per year. In 2020, Bucks County taxes for Newtown Twp residents will be 5.7 times the taxes paid to the Township. One has to wonder which provides residents with more services - the county or the township?

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Newtown News of Interest
These Scoops are excerpts from articles published in local newspapers and other sources that may be of interest to Newtown area residents. Please click on the "From" link to access the full original article. Any opinions and "insights" appended to these article summaries are solely those of John Mack and do not represent the opinions of any other person or entity.
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