No Tax Increase In Schwenksville 2018 Budget

No Tax Increase In Schwenksville 2018 BudgetSCHWENKSVILLE PA – No real estate tax increase is anticipated for property owners in Schwenksville during 2018, but to accomplish more than it expects to have revenue for the Borough Council has said it will tap into its savings for a total of $257,903.

Four borough budgets – for its day-to-day expenses (the general fund), capital projects, the Fire Company Museum, and liquid fuels (for highway-related projects) – represent a combined spending plan for the coming year of slightly more than $1.8 million.

Of the savings it intends to infuse:

  • The borough indicates the largest amount, $242,143, will supplement its capital project fund of $1.17 million. The money will help Schwenksville pursue its Main Street streetscape plans and design, and includes already received grants and other funding;
  • Another $12,450 of reserves will bolster its liquid fuels revenue for what the council’s draft budget summary states is a project “to be determined;” and
  • The museum budget will benefit from $3,330. Museum operations, formerly covered by the Schwenksville Fire Company, were turned over to the borough when the company said it would merge with the Lower Frederick Fire Company.

The general fund budget, of $577,090, will not require any supplemental money, according to the summary.

A public hearing on the 2018 budget is scheduled for Dec. 14 (2017; Thursday) during the council’s meeting that begins at 7 p.m. in Borough Hall, 140 Main St. The complete budget is available there for public review and comment.

Graphic by The Post Publications