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Board explores earned income tax as a tool to diversify revenue; would take about 18 months to implement
Summary
Committee members discussed the earned income tax (EIT) as a potential revenue source to reduce property‑tax reliance. Staff outlined an 18‑month timeline that includes a tax planning commission, public hearings and a possible referendum; members asked for scenario modeling and consultation with financial advisers and the township.
Committee members spent substantial time discussing whether an earned income tax (EIT) could be a feasible tool to diversify revenue and reduce pressure on Haverford Township homeowners.
What staff said: Staff described an implementation pathway that typically takes about 18 months: form a tax‑planning commission (a public advisory committee), engage consultants (the committee mentioned Penn Strategies as an example), hold public hearings, and — if the commission recommends it — put the measure on a referendum…
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