Montgomery County commissioners adopted a $498.6 million general fund operating budget and capital improvement plan for fiscal year 2022 with an 8% property tax increase, from 3.623 to 3.923 mills.The budget does not increase total expenditures, and it decreases planned capital expenditures by $3.5 million. Delaware County Council approved a $794.65 million budget for 2022 that maintains the property tax rate of 2.99 mills.That is slightly more than the estimated tax that the average property owner paid in 2021, which was $734. County taxpayers with property assessed at about $170,000, the current median value, would pay about $770. Chester County commissioners approved a $688 million 2022 budget that keeps taxes at 4.551 mills.County chief financial officer David Boscola anticipates adding money back into the reserve fund to maintain the county’s AAA bond rating.
The budget includes an $18.4 million deficit that will be covered using money from the fund balance. About 75% of county spending is directed to public safety, housing, and human services departments and agencies.
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