Derry Twp. supervisors revise budget
Derry Township's supervisors will hold a special meeting at 9 a.m. Dec. 27 to finalize a revised 2013 budget and to consider competing plans for addressing regional sewage concerns.
Chairman Vince DeCario said the supervisors need to delay action on the township's new $2.9 million spending plan because of a revision to the 2012 cash balance that totals more than 10 percent of the budget.
The revision includes creation of a capital reserve fund for $458,421 the township received this year through Pennsylvania's Marcellus shale impact fee legislation — an amount the supervisors weren't certain of until this month. In anticipation of the funding, the supervisors spent an additional $250,000 on items including road improvements, leaving a balance of $208,421 in the fund heading into next year.
DeCario noted there is no change anticipated to the spending the supervisors already had proposed for 2013, and the budget still will allow the township to maintain property taxes at 3 mills, where it has been for a number of years.
Among the projects under consideration is replacement of a deteriorating bridge on Bradenville School Road with a new box culvert. The supervisors have budgeted a total of $651,000 for highways and bridges in 2013.