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Stone Harbor begins early budget planning and raises possibility of property reassessment
Summary
Councilmember Jennifer Gensemer said tax bills were due Sept. 1 and that Finance has started the 2026 budget process, seeking new revenue sources; reassessments were discussed as a possible tool and the mayor requested a presentation for council and residents.
Councilmember Jennifer Gensemer told the borough council on Sept. 2 that tax bills became due Sept. 1, 2025, and that the Finance Department has opened the budget process early to look for new revenue sources.
"The Finance Department is starting the budget process early this year and is looking for new revenue sources," Gensemer said. She added that reassessments may be needed in the future to ensure property values are properly allocated for taxation.
Councilmember Bunny Parzych said reassessments are performed in-house by borough employees. Councilmember Ken Biddick clarified a common misconception, explaining reassessments redistribute taxable value to reflect property improvements rather than automatically increasing the overall tax burden. Mayor Timothy J. Carney asked for a presentation at the next meeting so council members and residents can better understand the reassessment process.
The comments indicate the borough is in early-stage budget planning; no formal budget or reassessment vote was taken at the work session. Any reassessment decision would require additional council consideration and public notice.
