Budget & Fiscal Plan
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LOWER GWYNEDD TOWNSHIP PRESS RELEASE

2017 BUDGET & FISCAL PLAN ADOPTED: NO TAX INCREASE

Spring House, PA- December 14, 2016

The Board of Supervisor’s approved the 2017 Budget and Fiscal Plan at their Regular Meeting held on December 13th, 2016.  No tax increase was included in the 2017 budget.  

 The General Fund Budget totals $8,884,388.  Revenue derived from the Earned Income Tax will generate 47% of General Fund receipts.  Revenues from all funds total $26,031,044. 

 The Township will allocate $194,168 to the two volunteer fire companies serving the Township.  This amount includes revenues derived from the real estate fire tax. 

 The Township Recreation Fund totals $633,300 to maintain the Township’s extensive park and trail system and for programs.     

 A 10% increase in sewer user charges is included in the in 2017 Sewer Fund Budget.  Rates have not increased in six years.  The Sewer Fund totals $2,890,146, 32% of this total is paid for treatment charges to Ambler Borough.    The Township has begun an aggressive program to upgrade its aging sewer collection system and will continue to televise and repair aging sewer lines.  The Township will have an appraisal of the sewer system performed in 2017. A pump station upgrade is also scheduled for 2017. 

 The Township has allocated $700,000 for the repaving of Township roads.  Funds have also been allocated for a culvert reconstruction project and a new dump truck among other things. The Township will continue to plan for a new Public Works Garage. 

 The 2017 Budget and Fiscal Plan are available on the Township’s website.  Chairman, Stephen Paccione thanked the staff for their hard work in preparing the 2017 Budget.

 For Immediate Release

 

Budget & Fiscal Plan

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