On Wednesday night, council and I received the second draft of the proposed 2024 budget. As noted in prior musings, council and myself have been engaged in productive and proactive discussions on how to deliver a budget that is financially responsible, properly invests in our community’s continued redevelopment, and avoids onerous tax increases on residents.
The latest draft of the 2024 budget is balanced without a tax increase and will be presented to council for a vote in December. After several weeks of discussion and review, we were able to identify operating line items that could be reasonably reduced without dramatically reducing our level of service to the community. Those cuts include:
These reductions allow for us to free up $250,000 annually for the issuance, and repayment, of a $10 million bond that will help fund all the following improvements to the borough over the next ten years:
Without the bond’s instant infusion of needed funds, we would be delaying most, if not all, of these capital projects long into the future, at which point they would inevitably cost more due to continued degradation, neglect, and/or cost increases. All these projects are vital to the sustainability and livability of our community, and we are a better place to live, work, and play when we invest in ourselves and build toward a better future.
Going forward, we know that more roadwork and capital projects will come up. The necessary repairs and improvements to the community always outpace the funds to complete them. It is my hope that we will continue to discuss non-tax-based revenue sources, such as vacancy fees, to help alleviate future tax increases while still being able to complete needed improvements to our infrastructure.
However, for now, it looks like we will have a 2024 budget with no tax increase and the ability to immediately take up critical infrastructure improvements that will keep our community moving forward, together.
(Mayoral Musings is a weekly op-ed column submitted to North Penn Now, courtesy of Lansdale Borough Mayor Garry Herbert. The views expressed are his own and are not representative of North Penn Now or Lansdale Borough.)
See also:
Mayoral Musings: Election Day 2023
Mayoral Musings: Lansdale’s 2024 Budget Primer
Mayoral Musings: Thirst for Accessibility
Mayoral Musings: Preserving Lansdale’s History Via Historic District Zoning
Mayoral Musings: A ‘Sign’ of Opportunity for Downtown Lansdale