Tarentum residents will pay the same in real estate, earned income taxes next year – TribLIVE

Tarentum Council approved the borough’s final 2023 budget, which holds property taxes at 5.48 mills.

Owners of a home assessed at $100,000 will again pay $548 to the borough.

Council also agreed to maintain the earned income tax rate of 0.5%, withdrawing a proposal to raise it to 1%.

Borough Manager Dwight Boddorf said the move is delayed pending recommendations next year from an independent financial consultant.

“We are going to move the funds from our capital reserve account to fill in,” Boddorf said.

Boddorf initially proposed the earned income tax increase to help make up for a projected $1.2 million deficit.

There are several important projects that need to be addressed next year, including the purchase of a million-gallon tank at the water plant and paving First Avenue, he said.

The shortfall will be supplemented by revenue from the borough’s electric company.

Tarentum is one of 35 municipalities in the state that operates its own electric distribution system. The borough purchases electricity on the wholesale market and delivers it at a retail rate to its 2,500 customers.

There will be no rate increase for borough electric customers.

Boddorf said the borough is one of the cheapest electricity providers in Western Pennsylvania.

The borough’s $17 million budget includes a $3.8 million general fund, $1.8 million water fund, $4.2 million electric fund and $6.2 million in capital reserves. There is another $628,000 in the sewer budget.

Expenses next year include $1.4 million for police, $104,000 for fire service and $692,000 for public works.

Details of the budget are available at tarentumboro.com.

Tawnya Panizzi is a Tribune-Review staff writer. You can contact Tawnya by email at [email protected] or via Twitter .

The original article can be found here

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