PHILIPSBURG — Philipsburg residents will not see a tax increase in 2014.
Borough Council passed the tentative budgets for the coming year on Monday night. They were accepted unanimously.
The general fund spending plan came in at $972,628. Real estate taxes make up the majority of the income, $490,587, coming from a tax rate of 14.5 mills. Earned income taxes of $165,000, local services taxes of $55,000 and state shared revenues of $50,448 are among the other leading sources of income.
The sewer fund budget shows $1,004,000, mostly from sewerage billings. More than $560,000 goes to the debt service for the borough’s four outstanding Pennsylvania Infrastructure Investment Authority loans. Another $449,462 goes toward the business of operating the sewer services.
The final budget, for highway aid, administers $67,180 in liquid fuels money and state turnback funds. Those resources go largely for snow removal, $27,000, as well as repairs, traffic signage, and equipment purchase and maintenance.
The budgets will be available in the borough office for review for a month. They will be given final approval in December.