Nearby Bristol Finishes 2014 With $3.1 Million Surplus

Bristol Township finished 2014 with $3.1 million in surplus funds, according to a report by the Bucks County Courier Times.

Officials reported that the savings would likely allow the township to avoid a tax hike for the fourth straight year, according to the report.

Transfer taxes, earned income tax, and more building permits generated the surplus, according to the report.

Operational efficiency also saved money, including switching the police to the Delaware Valley Health Insurance Trust, the report states.

Officials credited township Manager Bill McCauley for much of the savings, the report states.