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At this point, Ridley Park's preliminary budget shows no-tax-increase for 2016. No decision has been made yet on the trash and sewer fees, however Council voted at the November meeting to maintain the current real estate tax at 8.14 mills. For homeowners, this equates to $814 in tax for every $1,000 of assessed property value.
For the budget next year, Borough Council increased the total assessed valuation of the Borough by $194,000. This increases the value of the Borough's property, equipment, and other Borough Assets to $302,416,564.
In 2016, the Borough's expenditures are expected to be $180,494. The police department getting the largest hunk of the increase (up $29,481) and the remaining chunk of the expenditures ($157,206) going into the general expenditures fund. The only account with a decrease is the sewer fund, which diminished by $29,481 for 2016.
No decision has been made on the fees for Trash collect and sewer use. Ridley Park households currently pay $220 for trash collect and $363 for sew use.
Council Finance/Personnel Committee Chairman Paul Mattus told Barbara Ormsby of the DelCoTimes. “I’m pretty proud that we have no tax increase.”
Residents can view the preliminary budget at borough hall. Final adoption is expected at the December 15th council meeting.