Politics & Government
No Tax Hike In Proposed Malvern Borough Budget
Should the proposed 2020 budget be adopted in its current form, borough residents won't see an increase in their property taxes.
MALVERN, PA — Malvern Borough officials recently unveiled the proposed budget for 2020.
And property owners have cause to be happy: there is no real estate tax increase in the budget.
The 2020 proposed budget keeps the existing 4.67 millage rate.
Find out what's happening in Malvernfor free with the latest updates from Patch.
With that rate, a property with the average assessed value of $205,000 would pay $957.35 in real estate taxes.
The 2020 budget includes $11,496,874 in revenue and in 8,680,395 expenditures.
Find out what's happening in Malvernfor free with the latest updates from Patch.
You can review the full budget proposal online here. The budget will also be on display for public review from 9 a.m. to noon and 1 p.m. to 5 p.m. through Tuesday, Dec. 17 at Malvern Borough Hall, 1 E. First Ave., Suite 3. A copy will also be made available at the Malvern Public Library during their normal operating hours.
The Borough Council will hold a public hearing and consider adopting the preliminary budget at 7:30 p.m. Tuesday, Dec. 3 at Malvern Borough Hall
Then, the council will consider the final adoption of the budget at the Dec. 17 meeting scheduled for 7:30 p.m. at Malvern Borough Hall.
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