Borough Of Doylestown: 2022 Final Budget Approved

Doylestown PA

21 December, 2021

12:44 PM

Description

Press release from the Borough of Doylestown: 12/20/2021 DOYLESTOWN BOROUGH 2022 PRELIMINARY BUDGET Doylestown Borough's 2022 Budget will see the long awaited opening of the new Borough Hall, Central Bucks Regional Police Headquarters, and Broad Commons Park. More than two decades in the making, this project marks the most significant upgrades to the Borough's governmental, public safety and park facilities in its history. The 2022 Budget, however, calls for the Borough's total property tax burden to remain the same as in 2021. The average homeowner will pay $538.77 in total Borough Real Estate taxes in 2022. The Doylestown Borough Real Estate Tax continues to be the smallest portion of a Borough homeowner's overall Real Estate Tax bill, accounting for 10.66% of the total taxes paid. Borough water rates will continue to rank as the second lowest in the region, despite a 3.5% rate increase. The Borough's Reserve Fund will be supplemented in 2022 by a $1.5 million Redevelopment Assistance Capital Program (RACP) grant and $432,912 in ARPA Funds. These funds will support the completion of the Borough Hall/CBRPD Headquarters project and the first phase of the implementation of the Borough's MS4 pollution reduction plan as mandated by the Commonwealth of PA. The project will consist of streambank improvements on the Fonthill Castle property. With the help of these funds, the Reserve will remain at just under $5 million at the end of 2022. The full Budget Message can be found here. The 2022 Adopted Fund Budgets can be found here. The 2022 Budget Schedules can be found here. This press release was produced by the Borough of Doylestown. The views expressed here are the author's own.