Peters Township Residents Looking At Tax Increase

Residents in Peters Township will see something in 2022 that they have not seen since 2018, a property tax increase. Peters Township Council held a public hearing on Monday evening to present the preliminary 2022 operating budget. The budget is a $39 million spending plan with $22 million in projected revenue. Township Manager Paul Lauer indicates that the gross expenditure numbers are not necessarily what will ultimately be spent. Built into the budget are two large capital projects, an aquatic center at roughly $10 million and a new fire station at roughly $4.5 million. According to Lauer, more than likely only one of the projects will be taken on in 2022 and the remaining project will be put off into the future. Regardless of which project is selected, it will be funded by bond issues. The budget was built to show the financial effect of both projects to allow council and citizens a better understanding of what is coming in the future. The tax increase will be a .078 mil raise. What that means to Peters residents is that based on the average house value of $330,000, the yearly tax increase would amount to $25 annually. Council will adopt the budget at their next meeting on December 13.