Committee notes Mount Penn debt under $300,000; flags BPT and millage differences
Committee members reported Mount Penn's municipal debt is under $300,000 and discussed potential impacts on the Business Privilege Tax and differing millage rates between Mount Penn and Lower Alsace.
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Committee members reviewed municipal debts and tax structures during the Feb. 13 meeting. The minutes state Mount Penn’s debt is minimal — reported as under $300,000 — while noting that differences in property tax millage and assessed values exist between Mount Penn and Lower Alsace.
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