Proposed Peters Twp. budget keeps taxes steady
McMURRAY - There will not be an increase in real estate taxes in Peters Township in 2013, although property owners will see a jump in their garbage bills totalling $18 a year.
Quarterly garbage bills will increase from $46.50 to $51, said Michael Silvestri, township manager, when he presented the proposed 2013 budget Wednesday afternoon. This is the first increase in garbage collection fees in the past five years.
Real estate taxes will remain steady at 13 mills, with each mill generating $327,690. Earned income taxes will also remain the same, at 1 percent, with the township and school district splitting the amount evenly.
Township taxes remained relatively the same from 1988 until 2010, when the rate was increased to 14 mills. That millage was reduced to 13 mills in 2012 and will stay at 13 mills in the proposed 2013 budget, Silvestri said.
In the 2012 budget, the township was expected to end the year with a $4.8 million balance, but thanks to some cost-cutting measures, the estimated year-ending fund balance - similar to a savings account - should be $8.39 million.
“Generally, we’re in very good shape,” Silvestri said.