'Break Even' Financial Forecast For Warminster 2023 Preliminary Budget

WARMINSTER, PA —Warminster Township Supervisors will meet Thursday for a presentation on the 2023 preliminary municipal budget.

And based on what the township's director of finance told supervisors recently, the financial forecast might be right on the money.

"We hope to break even for the 2023 budget," John Ramey, the director of finance, said. "The projection in our budget at the end of September is that we will almost break even or equal out."

The township is expected to skip its Dec. 1 meeting and then vote on the final budget on Dec. 15.

Ramey gave a "state of finances" report to supervisors, stating that the township might be $10,000 ahead in revenues by the time the dust settles for the budget to be adopted, but that there were still a few more months to calculate.

"This is what everyone needs to hear," Supervisors Chairman Kenneth Hayes said regarding criticism that the township has a lot of money in its coffers.

Hayes also mentioned that the township isn't anticipating any money coming in until at least April.

At a meeting last month, Hayes said "we're looking forward to putting together a solid budget."

Ramey told supervisors at the board's meeting earlier this month that for the end of September, the township had $242,000 in revenues and $317,000 in expenses. He said that both transfer taxes and building permits were down for the month.

The one area supervisors are impressed with is real estate tax collection.

Ramey reported that stands at 99.3 percent collected with final notices just sent out. He said there is still $103,000 outstanding to be collected.

The response from supervisors was "amazing" and "unbelievable."

Ramey said that after Dec. 15, residents must pay their tax bills by cashier's check or money order.