A welcome bit of good news came this week amid the worsening covid-19 landscape.
New Hope Borough says there will be no increase in real estate taxes called for in its 2021 budget.
“We recognize that our constituent taxpayers are struggling financially, as well as in many other ways,” said Council President Connie Gering. “The borough’s portion of your real estate tax is only about 10% of your total real estate tax bill (the school and county taxes take up the remainder). Council and I feel we need to help our residents and business owners get through this as painlessly as possible, while also keeping fiduciary responsibility for the Borough.
“It is with this in mind that we are proposing a 2021 budget that holds the line on the borough’s taxes,” continued Gering. “There will be no increase in real estate taxes in our budget.”
Despite what the borough described as an unpredictable financial environment due to decreased payroll taxes and some unexpected expenditures, officials say they have been able to keep the local budget under control.
“We can do this due to our careful attention to spending and the hard work of Borough staff to seek out cost savings,” explained Gering. “This will be the sixth year of no increases to your New Hope Borough taxes.”
New Hope doubled parking rates Aug. 1 to $1.50 per hour, up from 75 cents per hour.