TribLIVE

| Neighborhoods


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Jeannette City Council expected to approve 2014 budget

Email Newsletters

Click here to sign up for one of our email newsletters.
Wednesday, Jan. 1, 2014, 9:00 p.m.
 

Jeannette City Council planned to approve a $5.9 million draft budget Monday night that increases the Earned Income Tax (EIT) and calls for an increase in commercial garbage rates.

The meeting ended too late for this week's edition. Bill Bedont, city finance chairman, said no changes were made to the budget since the draft spending plan was approved last month.

The EIT will increase by .35 percent, to a total of 1.5 percent collected each year from city residents.

The city will collect 1 percent, and .5 percent goes to the school district. Of the city's portion, .5 percent will be allocated strictly for paying down Jeannette's pension debt.

The police pension payment for 2013, which is about $536,000, was not paid by the end of the year and will roll over into this year and begin to accrue interest. As a result, the full pension obligation in 2014 will be $1.36 million, which forced the city to increase revenues to build a balanced budget.

In addition to the increased EIT, the city approved an increase in commercial garbage rates.

Bedont said he expects the increases to bring in about $140,000 more annually.

Additionally, once the pension payments are caught up that total obligation will begin to decrease each year and Bedont has said that is the key to righting the city's financial ship.

Kristie Linden is an editor for Trib Total Media. She can be reached at klinden@tribweb.com or 724-838-5154.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Jeannette

  1. Jeannette native Matijevic adjusting to elite pitching in PAC 12
  2. State Rep. Ted Harhai opens Jeannette office
  3. Jeannette approves hire of school resource officer
  4. Army vet brings personal touch to Jeannette history classes
  5. Jeannette School District’s draft budget calls for 2-mill hike
  6. Jeannette McKee Stadium field heavily damaged, some teams to play elsewhere
  7. Jeannette joins the call for cyberschool funding change