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Pottstown shows $416,960 2026 budget deficit; mayor urges review of tax-exempt properties
Summary
Finance staff reported a $416,960 deficit in the draft 2026 budget and proposed a not-to-exceed millage for advertisement. Mayor Stephanie Henrick highlighted roughly $147 million in locally assessed tax-exempt property value and estimated about $2.3 million in foregone municipal revenue as a driver of the gap.
Finance staff presented a revised draft 2026 budget to the Committee of the Whole on Nov. 5 showing a $416,960 deficit. Staff member Marley said the current proposal would require a 0.522 millage increase (a 3.45% tax increase) that would add about $52.16 in annual taxes for a property assessed at $100,000. Marley…
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