For the 10th consecutive year, there are no tax increases proposed in Ferguson Township.
The township’s proposed 2018 budget projects, across all funds, expenditures of $21,926,398 and revenues of $20,974,050 — meaning there’s a predicted deficit of $952,348 and signifying a reduction of the same in the township’s overall fund balances.
“However, even with the imbalances that are in the 2018 budget, the township’s financial position is predicted to remain strong,” township Manager David Pribulka said at the supervisors’ meeting Monday.
The ending fund balance in the general fund — the largest and main operating fund — is projected to be $6.7 million at the end of 2018.
The township’s reserves will keep it in a “resilient fiscal state for the foreseeable future and able to weather most unpredictable changes in revenues and expenditures that may present themselves,” he said.
Ferguson Township has “lofty” goals for the upcoming year, Pribulka said, and the budget provides the resources needed to achieve them.
Initiatives outlined in the budget for 2018 include constructing a LEED Gold public works maintenance facility; renovating the township office; and completing a comprehensive rewrite of the zoning and subdivision and land development ordinances, among others.
The board is scheduled to adopt the budget at its meeting on Dec. 11.