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Tyrone Preliminary Budget Includes Tax Increase
By editor,
1 days agoTyrone Borough Council members approved a preliminary 2027 spending plan that includes a proposed 0.5-mill property tax increase aimed at stabilizing the municipality’s long-term finances. Reportedly, under the proposed budget, general fund revenues are projected at roughly $4.5 million against approximately $4.2 million in estimated expenditures. If enacted, the millage rate would rise from 4.725 mills to 5.25 mills, costing the average resident an additional $52.50 per $100,000 of assessed property value. The preliminary budget is currently available for a 10-day public inspection at the borough office, 1100 Logan Ave. Council is scheduled to vote on final adoption during its Dec. 14th meeting.
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