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Ridley Park Borough Council approved our 2011 budget of $5,187,355 in December with no increase in taxes and no hikes in our trash or sewer fees.
Our real estate millage rate remains at 7.45 mills, or $7.45 for each $1,000 of assessed valuation. That means a Ridley Park house that's assessed at $100,000 will get a tax bill of $745.
Our trash fee remains at $231 and the sewer fee stays at $322.
In 2011 Police officers and non-uniformed employees get a 3.5% wage increase.
The Borough added a $156,000 payment from DELCORA (Delaware County Regional Water Quality Control Authority) to the 2010 capital reserve fund of $44,326. The DELCORA payment came after Ridley Park and two other municipalities joined the sewer treatment authority and payed their share of the authority's membership.
The budget also included a $200,000 Tax Anticipation Loan that was previously approved by Council. TAL loans are part of the standard business operations for most municipalities who use the loan to bridge the gap in revenue until real estate tax revenue comes in. The TAL loan for Ridley Park in 2010 was $500,000.
For more details see Barbara Ormsby's article