All tagged Taxes
As a Professor of Finance and Economics at Wharton and a 45-year resident of Swarthmore, I have been following the recent debate over plans to build a 36-unit condominium opposite the library with more than passing interest. I’m afraid I could not resist thinking this through as an economist, and thought it might be useful to share my thoughts—for better or worse, you decide.
At its November 8th legislative meeting, Swarthmore Borough Council approved the proposed 2022 budget, which calls for a 3.5% tax increase to fund a $5.66 million operating budget. The public comment section of the meeting was primarily devoted to an update on the progress of a study related to affordable housing development in the borough. Towards the end of the meeting, Borough Manager Billings reported that, pursuant to a recent directive from the Delaware County Solid Waste Authority, all 49 municipalities in Delaware County will be faced with an immediate 20% increase in tipping fees.
Swarthmore Borough has not had a public tax increase for seven years, and is currently considering increasing it in 2022 by a minimum of 3% per household.
