Taxes Going Up - Again

The average home value in Franklin Park is about $200,000 . If you live and work in Franklin Park, here is a summary of increasing taxes:

North Allegheny School District has RAISED taxes since June 30, 2010 by $254
Franklin Park Borough has added Local Service Tax                                      $52
Allegheny County is proposing a 1 mil increase in taxes                                $200
TOTAL ACTUAL and PROPOSED INCREASE IN TAXES                       $506

The Reassessments are coming right behind and that increase in taxes will be unevenly spread amongst home owners in Franklin Park.

Pension Plans Lost $506,768 in 3rd. Quarter, 2011

The Borough Employees and Police Pension Plans had $4,671,547 on June 30, 2011 and we had $4,164,779 on Sep 30, 2011, a loss of $506,768 in that 3 month period.
We have now added $287,537 to the Pension Plans in October as our (taxpayers) contribution for 2011.
The next Quarterly Report should be available in early Feb, 2012.