Despite tough 2012, Trafford officials don't expect tax hike
Despite borrowing money this fall to keep borough services active and cover payroll expenses, Trafford Council doesn't intend to raise the property tax rate for 2013.
A budget draft that council will review at a meeting on Dec. 3 at 6:30 p.m. proposes that the tax rate remain at 28.5 mills for the second consecutive year. Council plans to examine each line item before passing a preliminary budget that night.
The vote on a final budget is scheduled for Dec. 18.
“It's been a joint effort with everyone,” said Councilwoman Vicki Megon, one of the leaders of the finance committee. “We're very happy to say we're on the right track.”
Earlier this month, Council closed on a $2.75 million general-obligation bond to restructure its debts and replenish the general fund for most of the estimated $600,000 in cost overruns for construction and furnishing of the new public safety building.
Because of the public-safety-building cost overruns, finances became so dire that the borough — which had budgeted for a $1.35 million worth of expenditures this year — had less than $4,400 in its general fund leading up to the Nov. 9 payroll. The bond, which was finalized Nov. 8, was used to reimburse Trafford for $382,563 of overruns from July through September.
Another $150,000 worth of contracts approved in June was not eligible for reimbursement because council already spent the proceeds from its former $2 million construction loan, and a statute of limitations prevented Trafford from including the payments in the bond.
As part of the borrowing, council will repay the sewage fund for $82,600 in loans taken in March, August and October.
Mayor Rey Peduzzi credited Megon, Councilman John Daykon and borough administrator Lisa Mallik for getting the town's finances straightened out. Megon and Daykon took over the finances after Council President Rich Laird removed Councilman Frank Bruno as finance chairman in March.
“I think they have been very successful in putting us on very sound footing, and we can move forward,” Peduzzi said.
Chris Foreman is a staff writer for Trib Total Media. He can be reached at 412-856-7400, ext. 8671, or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.