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Narberth projects balanced 2026 budget, council moves to advertise Earned Income Tax change
Summary
Finance staff presented revised 2026 numbers showing an anticipated $6.2M revenue base and a roughly $683,000 2025 surplus; council debated using EIT or millage to fund capital and directed staff to start the EIT legal advertising process and public outreach.
Finance Director Maggie presented updated budget estimates at the Nov. 6 work session that produced a balanced 2026 general fund and an unbudgeted surplus this year. "Our total budget revenue is $6,200,000 anticipated for 2026," Maggie said, noting that revised EIT collections (Bergheimer’s estimate around $1.6 million) materially improved the outlook.
Staff showed that the borough could maintain existing service levels without raising the mill rate but that capital needs — about $1.1…
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