December 23, 2020
FOR IMMEDIATE RELEASE
Warminster Township Supervisors Adopt $42.6M Township Budget with NO Tax Increase
At their regular meeting of December 22, 2020, the Board of Supervisors adopted the 2021 Township Budget with no tax increases. “The 2021 budget is an excellent first step in cleaning up years of financial mismanagement and it is balanced with NO TAX INCREASE.”, said Supervisors’ Chairman Ken Hayes.
According to the Chairman, the Township’s financial issues are directly related to past administrations failure to pay the full annual bill for the Township’s Police Pension Plan creating a huge $17M unfunded liability and inflating the annual pension Minimum Municipal Obligation. “I think what we are most pleased with in the 2021 Budget is we are finally fully funding the Police Pension Plan in 2021,” said Hayes.
The highlights of the 2021 Budget include $3Million for the Milling and Paving Program, $5.1Million for the infrastructure improvements and additional recreational features to the Warminster Community Park, and $3.2Million for the acquisition, building demolition and restoration of Shenandoah Woods. “This Board is finally investing in Warminster Township and giving taxpayers improvements to benefit them directly,” said Hayes.
“We still have a lot of work to do to get years of deficit spending under control, but this is a positive first step in the right direction to financial stability,” Hayes concluded.
Contact: Bill McCauley
Interim Township Manager
(215) 443-5414 ext.1311