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Pottstown draft 2026 budget shows $416,960 shortfall; mayor highlights tax-exempt property impact
Summary
Finance staff presented a revised draft budget with a $416,960 deficit and a proposed not-to-exceed millage levy; Mayor Hendrick highlighted the borough's $147 million in tax-exempt assessed value and argued the exemption base shifts a roughly $2.3 million revenue burden onto residents.
Finance staff member Marley presented a revised draft 2026 budget to the Committee of the Whole on Nov. 5, reporting a remaining deficit of $416,960 and a proposed not-to-exceed millage of 0.522. Marley said the change represents a projected 3.45% tax rate increase as previously modeled and would translate to a $52.16 increase for a property assessed at $100,000 under the numbers shown.
"At this point, we are down to a deficit of…
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