Before we leave 2020 to be officially dissected in the history books, I wanted to follow up on one last thing – the Borough real estate tax increase. To meet 2021 fiscal responsibilities Borough Council enacted a six percent tax increase on all taxable property in the Borough – but exactly how much is a six percent increase going to cost? Here’s how to find out.
As Thanksgiving approaches, the Mayor’s emergency ordinance limiting gatherings is still the law of the land. Plus, it’s now final: 2021 will bring a property and a sewer rate increase, we say goodbye to the Gay Street open air market and West Chester has its first sustainable storefront. Who’s ready to catch up on another week in the Borough?
As we’ve known for a while now, the Borough of West Chester is in a bit of a financial crisis. Last month the Borough Department heads met to make their initial 2021 budget presentations to the Borough’s Finance and Revenue committee and the general takeaway is, if nothing changes, the Borough is expecting a nearly $1.7-million-dollar deficit to its general fund next year. There are generally two ways to deal with a deficit: cut projects or raise taxes.