Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Crafton budget workshop proposes no tax increase, recommends reserve and spending decisions
Summary
At a Sept. 24 workshop Crafton staff presented a proposed balanced budget with no tax increase, reported $8 million in bond projects, suggested moving operating cash into higher-yield reserve accounts to capture $17,000–$25,000 in interest, and presented a menu of capital and maintenance decisions for council review.
At a Sept. 24 budget workshop, borough staff presented a proposed balanced budget for the fiscal year that assumes no tax increase and outlines about $8 million in bond-funded infrastructure projects, borough staff said.
The presenter, identified in the meeting transcript as Jim (staff member), told council members the general fund reserve is slightly low but that moving operating balances into interest-bearing reserve accounts could capture about $17,000 to $25,000 in additional interest. “Wewe're looking at no tax increase this year, balanced budget,” Jim said while summarizing the staff…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
