(The following information was provided by Montgomery Township.)
The Montgomery Township Board of Supervisors approved the budget for 2024, which will include a property tax increase from 2.49 mills to 2.94 mills, generating about $850,000 annually.
This property tax increase is a proactive step toward securing essential funding for the township's upcoming capital needs and improvements. While revenue from the development of the township helped to defer tax increases for this purpose for many years, Montgomery Township is now in built out and must seek more reliable and consistent income sources. The decision follows careful consideration and extensive projections regarding our township's financial sustainability and our ability to maintain critical assets.
Capital improvements have been underway per Montgomery Township’s five-year Capital Investment Plan. These projects include, but are not limited to, those listed below.
Public Safety
Infrastructure and Facility Maintenance
Parks
Montgomery Township is committed to ensuring the sustainable financial health of the township and ensuring that we can continue to meet the expectations and needs of the community. While the township will continue to actively pursue grants for its capital projects, the millage increase is a necessary step to guarantee sustained support for the township's future.
The full 2024 approved budget can be viewed here.
See also:
Telford Borough Council Approves 2024 Budget with No Tax Increases
Upper Gwynedd’s 2024 Budget has First Sewer Rate Hike Since 2017
Officials Survey Progress of Route 309 Connector Project
Lansdale Votes Ahead Budget While Debating Tax Increase
Towamencin ‘Common Interest Agreement’ Prompts Sewer Sale Sparring