Council Approves Preliminary Budget

Summary

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"The electric contract was a rush to judgment," said [Harry McGonigal], who was in Texas during the meeting when the rate hike was adopted.

Now, McGonigal added, he's been seeing rates "floating around" online at $69 to $70 per megawatt-hour.

Perkasie last increased taxes in 2006, when the rate went up by 53 percent, from 3.75 to 5.75 mills. A mill is a tax of $1 on every $1,000 of a property's assessed value. For a borough home assessed at $30,000, property taxes would be $172.50.

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Extract

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Council Approves Preliminary Budget

PERKASIE

Council approves preliminary budget

The borough has not proposed a property tax increase.

By THERESA HEGEL

STAFF...

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