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Lititz Borough finance committee reports midyear revenues ahead but capital gap remains
Summary
The finance committee told council July 29 that year-to-date revenue is running ahead of projections but most receipts are already received, leaving roughly $162,000 available for general-fund capital against $820,000 in multi-year requests; committee members urged council to prioritize requests ahead of the 2026 budget.
The Lititz Borough finance committee reported to council on July 29 that year-to-date general-fund revenue is ahead of projections but that most receipts (taxes, transfers and interfund activity) have already been realized, leaving limited cash available for new capital projects.
Finance committee member Tenea Carpenter and managing director Rob (last name on file) presented the midyear review and debt summary. Carpenter said the report covers revenue and expenses through July 1, 2025, and noted that many line-item revenues will not materially change for the rest of the year. "The majority of the revenue for the year has already been received," she said, listing taxes, transfers and interfund transfers as the primary drivers.
The committee emphasized why that matters: using 2025 numbers as an example, the borough started the year with about $3.6…
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