Hatboro taxpayers will not see an increase in municipal taxes in 2013, according to elected officials.
While the spending plan has not yet been adopted, Councilman Vincent LaSorsa, a certified public accountant and the governing body's main overseer of the budget, said the borough had overestimated its health care costs for the coming year and had borough departments reduce their individual budgets based on the 2010 model.
"That was a big piece of it," LaSorsa told Patch.
That left the borough with a roughly $50,000 surplus, approximately what the projected shortfall was about two weeks ago.
"There will be no tax increase for real estate taxes for 2013," Council President John Zygmont said during the meeting, adding that the yet-to-be-approved local services tax will generate an extra $50,000, enough to offset the need for a property tax boost. "It’s not like we’re not doing any tax increase this year."
The council will consider adopting its local services tax - which replaces the occupational privilege tax - at a special meeting on Nov. 28 at 9 a.m. That new $52 per year tax will be levied on people who work in Hatboro and earn more than $12,000 a year.
Final budget discussion is planned for Dec. 3 at which time the council will consider preliminary adoption of its $4.6 million spending plan. The budget will be available for public review beginning on Dec. 4, Zygmont said. Final adoption is slated for Dec. 17.