Budget in Brief as Presented by the Township Manager
FY 2023 PRELIMINARY PROPOSED BUDGET
"The achievements of an organization are the results
of the combined effort of each individual."
- Vince Lombardi
FY 2023 BUDGET ADOPTION CALENDAR
Thursday, October 13, 2022, 7:30 PM: Board of Commissioners Working Session - Presentation of FY 2023 Preliminary Proposed Budget
Thursday, November 10, 2022, 7:00 PM: Regular Board of Commissioners Meeting - Consider Adopting FY 2023 Proposed Budget
Thursday, December 8, 2022, 7:00 PM: Regular Board of Commissioners Meeting - Consider Adopting FY 2023 Annual Budget and Ordinance Adoption
The schedule is subject to change, depending on revisions as a result of the Board of Commissioners and public comment.
OVERVIEW
The Fiscal Year (FY) 2023 Township Budget as presented:
- Holds the current total property tax rate at 5.922 mills
- General fund revenues and expenditures are balanced
- Wastewater and refuse fees remain unchanged
The total FY 2023 Budget for all operating and capital funds is $70,564,238
- General fund totaling $44,022,702, all other operating funds totaling $19,603,104
- General fund permanent improvement capital fund totaling $3,599,432
The 2023 fiscal plan achieves:
- Establishing fund equity at an unrestricted fund balance reserve of three months operating expenditures
- A general fund balance available after reserve that meets a Generally Accepted Accounting Principle (GAAP) standard
- Exceeds the minimum two (2) month Government Finance Officers Association (GFOA) best practice
STRATEGIC PLANNING
In 2022, the Board of Commissioners engaged Raftelis to complete a 5-year strategic plan. The Plan will be complete in February 2023.
FY 2023 DRAFT FOCUS AREAS
Proposed Focus Areas to be considered by the Board of Commissioners may include:
- Fiscal Sustainability
- Economic Growth
- Sustainable Infrastructure
- Inclusive Community
- Vibrant Public Space
- Excellent Public Services
PLANNING EFFORTS
- Vision 2035, an update to the Comprehensive Plan
- Stormwater Management Study and Plan
- Recreation, Park and Open Space Plan
- Inclusive Park
- Economic Redevelopment Plan
- Roadway (Pavement) Management Plan
VALUE OF A MILL
TYPICAL TOWNSHIP PROPERTY TAX
A property owner will pay $1.00 in property tax for every $1,000 of the taxable appraised value of the property.
If the Montgomery County assessed value for an Abington Township homeowner’s property were set at $150,000, then one mill of taxes would equal $150.00. At the proposed Township tax rate of 5.922, the average Township taxpayer will pay $888.27 in Township property taxes.
It is important to note that this is the Township property tax only and does not include trash and sewer fees.
REAL ESTATE TAX DISTRIBUTION - 2023
Where does your property tax dollar go?
Abington School District: 77%
Abington Township: 13% (1% decrease)
Montgomery County: 9% (1% increase)
Montgomery County Community College: 1%
MILLAGE TAX RATE BY TAX AUTHORITY
MILLAGE TAX RATE AND REVENUES BY LEVY
2023 GENERAL FUND
FUND BALANCE POLICY AVAILABLE RESERVES AND ALLOCATIONS
ASSESSED VALUE HISTORY
2014 - 2023 GENERAL FUND REVENUES VS. EXPENSES
REVENUE AND EXPENSE REVIEW
How are your property tax and other dollars spent?
2023 GENERAL FUND REVENUES
Click on the interactive graph below to explore the data.
2023 GENERAL FUND EXPENSES
Click on the interactive graph below to explore the data.
Salaries/Wages and medical benefits are set forth by collective bargaining agreements and fluctuate each year. Pension amounts are determined annually under Act 205 of 1984 and the Township must meet the determined minimum municipal obligation. The Township is expecting an increase in property and liability as well as workers' compensation insurance. Legal expenses reflect expected increases for various legal services. Fuel costs have continued to fluctuate. Machinery and equipment demands fluctuate based on the needs and workflows in each department. Contracted Services fluctuates based on contract dates and needs.
Residential Refuse Fee History
2019 2020 2021 2022 2023 Proposed
$275 $275 $275 $275 $275 (95 gallon)
$248 $248 $248 $248 $248 (65 gallon)
$220 $220 $220 $220 $220 (35 gallon)
SEWER BUDGET HISTORY
2018 2019 2020 2021 2022 2023 Proposed
$4.01 $4.01 $4.01 $4.01 $4.01 $4.01
0 0 0 0 0 0
$314 $314 $314 $314 $314 $314
CAPITAL FUND REVIEW
