Press ESC to Close
,

Borough Council Set to Vote on Tax Raise Monday Night

·

By

Jeff Bohen
Bristol Borough
Credit: Jeff Bohen/LevittownNow.com

Bristol Borough  Council is expected to vote Monday night to raise taxes on  borough residents  for first time  in seven years t due to a shortfall of about $600,000  in poor performing investments.

The tax, proposed by council, amounts to a $80 per household uptick  for each family.

Advertisements


A gain of  $600,000 that was projected earlier this year but, according to council officials. The staggering economy and 1 percent interest rate on borough’s investments are to blame for the poor performance. Council considered a number  of ideas while they met to over several budget planning sessions to come up with a balanced budget, including tapping into the  general fund.

Council’s preliminary budget proposed a 5-mill increase for the general fund and an additional 1.75 mills for the fire fund – a total of 6.75 mills, which will help balance the $12-million budget for 2014.

Report a correction via email | Editorial standards and policies

Jeff Bohen

Jeff Bohen

Jeff Bohen is a former member of LevittownNow.com’s staff. Jeff was born and raised on the streets of Brooklyn, New York. He is an avid New York sports fan who studied and worked in the Mental Health system of four different states. Jeff came to journalism late in life initially desiring to be a sports broadcaster. Mentors at Temple University Dept of Journalism pointed Jeff towards broadcasting and covering news which he’s been doing since 2009. Jeff loves heavy metal, signs and is the best air guitarist he knows. Jeff spends his free time stalking out stories throughout the nooks and crannies of Lower Bucks.