Revised Budget for 2011

The Proposed Budget at the Budget Hearings did not reflect Borough's Financial Health properly. With increased revenues coming in every category, we should have almost $1.3 Million in Unrestricted Cash at the end of this year.

The Revenue for 2010 is coming in about 10% higher than the 2010 Budget Projections, or almost $600,000 more. It is obvious that we did not need the $60,000 from the $52 Local Service Tax to augment Borough's coffers.

I am going to propose Repeal of $52 Local Service Tax again at the Work Session on Dec 1, 2010 at 7:30 PM in the back room.

Total Revenue for 2011 is projected to be over $7 Million, a first in the history of Franklin Park Borough.