Butler Township budget includes no real estate tax hike
BUTLER TWP — Another year will pass without an increase in the township’s real estate tax rate.
The township commissioners Monday night approved the 2015 township budget that holds the tax rate at 11.25 mills for the fifth consecutive year.
The $11.7 million budget does include a $3 million spending increase. However, that jump is mainly covered by the allocation of a $2.4 million profit created when the township sold the 15.9-acre Deshon Woods to a developer in 2013.
The money from the sale is not reflected in the $7.5 million general fund for 2015, but rather it is divided in three of the township’s seven special aid funds: A $668,500 stormwater improvement fund; a $663,800 capital improvement fund for police, roads and parks; and a $751,000 debt service reserve fund.
Officials have said the township also has more income due to ongoing development and a steady increases in money from the Marcellus Shale natural gas impact fees.
Included in next year’s expenditures are two new police cruisers, $700,950 in road maintenance and a $327,000 for snow and ice removal.
A mill generates $1 in tax income for each $1,000 of a property’s assessed value. A mill is worth $153,790 in the township.
A typical township homeowner with an assessed property value of $14,667 and a market value of about $152,827 would pay $165 to the township.
The township’s most recent tax increase was in 2011.
