Politics & Government
1st Public Hearing For 2023 Lower Merion Budget Is Wednesday
The 2023 Lower Merion Township budget, which has no property tax increase, will have a second public hearing on Nov. 30.
LOWER MERION TOWNSHIP, PA — As Lower Merion Township officials work to establish the 2023 budget, the proposed budget will have its first public hearing this week.
A public budget hearing is scheduled to be held at Wednesday's Board of Commissioners meeting.
As it stands, the 2023 budget does not include a real estate tax increase.
Find out what's happening in Ardmore-Merion-Wynnewoodfor free with the latest updates from Patch.
The millage rate will stand at 4.19 mills if the budget goes forward as proposed.
With the proposed millage rate, a single-family residential detached home in Lower Merion Township assessed at $350,600 will pay $1,469 in real estate taxes in 2023.
Find out what's happening in Ardmore-Merion-Wynnewoodfor free with the latest updates from Patch.
While the 2023 budget does not have an increase, officials said a projected expanding budget gap will prove difficult in adopting further budgets without real estate tax increases.
The gap could lead to increased millage rates or "significantly reducing the cost and/or scope of Township services"
2023's budget has a revenue of $70,400,000, which is an 8.2 percent increase from 2022, and $75,580,720 in expenditures, a 5.5 percent increase from 2022.
The 2023 Budget expenditures exceed revenue by $5,180,720, requiring a planned budgeted drawdown of fund balance to balance operating revenue with expenditures.
See the full 2023 proposed budget online here.
The meeting will take place at 7:30 p.m. Wednesday in the second floor boardroom of the Township Administration Building, 75 East Lancaster Ave. in Ardmore.
Public participation is available in person and virtually.
Residents who wish to participate virtually should contact Township Secretary Jody Kelley at 610-645-6145 or email publiccomment@lowermerion.org before noon Wednesday.
Public comments can be submitted via email to publiccomment@lowermerion.org, by postal mail addressed to Board of Commissioners, 75 E. Lancaster Avenue, Ardmore, PA 19003, or by phone to 610-645-6145.
The meeting will air live on LMTV, available on Comcast Cable Channel 7 and Verizon FiOS Channel 37 as well online here.
See the full meeting agenda online here.
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