Solebury Township residents won’t see a tax hike next year under a budget passed this month.
The Solebury Township Board of Supervisors unanimously voted to approve the $7.6 million spending plan. The tax rate will remain at 24.81 mills.
The township receives most of its funding from real estate taxes and the earned income tax (EIT), with the rest coming from fees, transfer taxes, franchise fees, grants, and other sources.
Township officials said the 2024 budget expects revenues to remain flat over 2023, noting revenues are returning to pre-pandemic rates after seeing record highs.
“The projected expenditures in the proposed 2024 budget are designed to maintain or increase the level of service provided to the residents and businesses of the township,” Township Manager Christopher Garges and Assistant Township Manager Michele Blood wrote in a budget briefing.
In creating the 2024 budget, the manager and assistant manager noted inflation and supply chain disruptions have impacted the budget.
“The key focus over the next five-year period will be managing flat revenues versus increased cost of core services while planning for capital projects and sustainability initiatives concurrently with paying off existing debt,” the officials wrote.