Proposed Butler Budget Calls for $78 Tax Increase
Council concerned that state keeps most of the utility receipt taxes collected by the local electric company.
The Butler Council introduced a $10.48 million 2012 budget Tuesday that calls for a $78 property tax increase on the average assessed home. Council President Edwin Vath said the budget was affected by the recent bad economy as the council saw a decrease in revenue from construction permits, less return on investments and an increase in debt service. He said the budget’s tax levy is $34,312 below the state-mandated 2 percent cap. The 2012 budget is supported by a tax levy of $6.3 million, which raised the tax rate from 80.7 cents per $100 of assessed value to 84 cents. The borough's average home assessment is $252,000, Vath said. The borough’s 2012 water utility budget is estimated at $1.89 million and electric budget was estimated at $28 …
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