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Crafton budget workshop: bond fund drawn down; officials recommend holding real-estate millage at 8.59
Summary
Officials reviewed updated fund balances, recommended holding the borough real-estate millage at 8.59 mills for 2025 and using existing bond reserves for several capital items rather than raising taxes, while staff plans to pursue grant reimbursement for major projects.
Crafton Borough staff presented updated budget figures on Oct. 9, reporting the bond fund balance and recommending the borough keep its real-estate millage at 8.59 mills instead of raising taxes to add to the road fund.
The presentation said the bond fund is currently about $1,600,000 and — after committed projects — is expected to be roughly $1.4 million. “Were gonna recommend that we actually stay at that 8.59 mills,” presenter Jim Price said, explaining the borough will not add money to the road reserve this year and will draw from existing road-fund balances instead.
Why it matters: the recommendation aims to avoid a tax increase while continuing infrastructure…
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