Penn Hills adopts $28.8M budget for 2013
By Patrick Varine
Published: Wednesday, January 2, 2013, 10:28 a.m.
Updated: Friday, January 18, 2013
Penn Hills Municipal Council voted unanimously in favor of a $28.8 million budget for 2013.
Council held its final 2012 meeting on Dec. 31 and adopted the new budget, which comes with a millage rate of 5.444 mills, or about $5.45 per $1,000 of a property's assessed value. The rate is lower than last year's 5.6 mills, adjusted in light of Pennsylvania state law, which does not permit taxing bodies to reap a financial windfall from reassessed property values.
Expenditures in the budget have grown just under 8 percent since last year, and municipal manager Moe Rayan estimated the municipality will generate about $577,000 more than last year in revenue.
As of the adoption of the new budget, however, Rayan said there is still a sizable number of reassessment appeals yet to be heard on Penn Hills properties, to the tune of more than $109 million.
Common Pleas Judge Stanton R. Wettick, who is overseeing the reassessment project, has given municipal governments until Jan. 31 to set their final budgets, and Rayan said council will make adjustments to the budget, if necessary, once they receive the final reassessment figures.
Patrick Varine is an editor for Trib Total Media. He can be reached at 412-320-7845 or email@example.com.
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