No Tax Increase In Peters Township

Peters Township Council adopted a preliminary 2021 budget that showed no tax increase. Township Manager Paul Lauer detailed the budget for council showing $33,703,897 in expenditures and revenues of $20,369,194. The $13,000,000 deficit will be offset by a $10,000,000 bond obtained in 2019 for the development of Rolling Hills Park. Lauer states that those borrowed funds will now be expended. The other $3,000,000 is dedicated to initial development of the township’s proposed aquatic center. Should council approve the project, funds for that project will need to be borrowed. Also included in that possible bond would be the development of a new fire station on the Venetia side of the township. Lauer did caution council that come 2022, a modest tax increase may be in store.