No Tax Increase Planned in Middletown for 2013
A top township official said there will be "pressure for a tax increase" in the 2014 budget.
Middletown is not proposing a tax increase as part of it’s proposed 2013 municipal budget. The proposed budget keeps a millage rate of 17.57 mils, which means the average residential property owner will pay a yearly real estate tax of $510. Finance Director Dennis Penko said the the township has held the line on tax increases over the past few years. While the township will not likely have to raise taxes in 2013, Penko said that the proposed budget draws about $1.1 million from the townships dwindling cash reserves. If the new budget is approved, the coffer will only hold about $1.8 million. The finance director told Patch there will be "pressure for a tax increase" during 2014 budget process. Levittown Communities Wins Millions in Casino …
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