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Berks County will propose property-tax hike

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Posted: Wednesday, November 14, 2012 11:30 am

The Berks County budget office will present the proposed 2013 county budget to the commissioners at their meeting at 10 a.m. Thursday, Nov. 15.

The proposal includes higher taxes and a deficit, said Kim Grinage, deputy director of the department of budget and finance.

At a meeting Oct. 18, commissioners anticipated a 5 percent to 8 percent county property tax increase.

On Thursday, the office will explain why the projections have changed since then, Grinage said.

Are the changes for the better or worse?

“I’ll let you see that tomorrow,” she said.

The budget will be published after the meeting, she said.

Under the current levy, Berks County land owners pay $693.50 a year on a property assessed at $100,000. A 5 percent increase would add $34.68 to the tax bill for a $100,000 property.

One way to get your Berks budget bearings is to refer to the new County of Berks Friendly Understandable Financial Statement, or FUFS (which is what my grandmother called passed gas.)

According to the FUFS, “The official financial report of the county is called a CAFR (Comprehensive Annual Financial Report). We decided few of you folks would take the time to read the 157 pages and digest the information. As a result, the information in this FUFS (Friendly Understandable Financial Statement) is taken directly from the more complex CAFR. The FUFS shows where we get the income for our budget and how we spend it.”

The statement summarizes financial information for 2011.

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1 comment:

  • PShupp posted at 10:37 pm on Wed, Nov 14, 2012.

    PShupp Posts: 75

    Hope to catch it live on bctv.org!

     

Reading City Hall will be closed Monday, Jan. 3, until 1 p.m. for in-service training.

Police operations will not be affected.

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