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Springfield Township

Budget and Finance

2018 BUDGET STATEMENT
SPRINGFIELD TOWNSHIP, MONTGOMERY COUNTY, PA

            The Springfield Township Board of Commissioners proposes a balanced operating budget for 2018 of $17,330,860 with a real estate tax rate of 4.148 mills and an earned income tax rate of 1.0%.

2018 REAL ESTATE TAX RATE

General Purpose Tax (max. 30 mills)                    4.148 mills

Court Approved (max. 5 mills)                                     0 mills

Special Purpose Taxes                                                0 mills

                                                                              4.148 mills

          

            To summarize the impact on the “typical” taxpayer as a result of the 2018 budget projections, the taxpayer will realize a $32.10 real estate tax increase, and a $3.19 refuse service fee increase.   In years 2006 and 2007, the real estate taxes were reduced from past years.  The real estate tax rate for 2008 through 2012 remained unchanged.   In 2013 there was a modest increase in the taxes followed by a reduction in the tax rate in 2014.  In 2015, real estate taxes were increased, but held steady again in 2016.  The 2017 real estate taxes were increased by $50.10 principally due to debt service related to the municipal campus renovations.

            The “typical” household in Springfield Township with a $175,400 property assessment will pay $727.56 in real estate taxes in 2018.  The 4.6% increase in real estate taxes is principally due to an increase in debt service related to the municipal campus renovation project, increased costs associated with employee contracts, contributions to the volunteer fire companies, street resurfacing activities and increased insurance premiums. 

            The 2016 refuse service fee was the same as in 2015, but the 2017 fee was increased by $10.13 per year or a discounted annual rate of $202.37.  The resource recovery plant where the solid wastes are processed is increasing the fees to the Township by $1.13 per ton in 2018.  The 2018 discounted annual fee for refuse service will be $205.56.  Beginning in 2016 recyclables were no longer a commodity to sell, and costs are now incurred to process the materials. 

            The Township will continue to fund its general budgetary obligations through traditional revenue sources such as real state tax, earned income tax, real estate transfer tax, mercantile and business privilege tax, licenses and permits, fines and department earnings.   However, in 2018 a local services tax will be enacted whereby individuals employed within Springfield Township will pay $1 per week or $52 annually.  Those who do not earn more than $12,000 annually are exempt from the tax.

            The 2018 preliminary budget will be made available for inspection in the office of the Township Manager, 1200 Willow Grove Avenue, Wyndmoor, and in the Township Library, 1200 E. Willow Grove Avenue, Wyndmoor, beginning 5:00 PM on November 9, 2017.   The 2018 preliminary budget will also be available for inspection in the office of the Township Manager, 1510 Paper Mill Road, Wyndmoor, after November 27, 2017.  Summary copies of the budget are also available upon request.  The Board of Commissioners will accept questions and comments on the Budget at their workshop meeting on December 11, 2017 at 7:00 PM and again as a part of a budget hearing and budget adoption on December 13, 2017 at 7:30 PM.   All aforementioned meetings will be held in the Springfield Township Building, 1510 Paper Mill Road, Wyndmoor.

DEB:cmt

11/2/17

 

 

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Springfield Township
1510 Paper Mill Road
Wyndmoor, PA 19038

215-836-7600 (Telephone)
215-836-7180 (Fax)

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