The proposed 2018 College Township budget doesn’t include a tax increase.
It predicts about $8 million in revenues and about $8.8 million in expenditures — meaning that reserves will be reduced by $810,756.
The projected fund balance at the end of 2018 is about $1.3 million, down from about $2.1 million expected at the end of December.
There are a number of projects on deck for next year, township Manager Adam Brumbaugh said.
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Among them are the construction of a pedestrian walkway across College Avenue at its intersection with Millbrook Way/Elmwood Street; Spring Creek Park restroom work; and a variety of local roadwork totaling about $550,000, he said.
College Township met or exceeded revenue projections in 2017, and some expenditures were lower than expected, Brumbaugh said.
“It was a successful year,” he said.
A public hearing on the proposed 2018 budget is slated for Dec. 21. College Township Council will vote on a final budget at the same meeting.