Warwick Township Budget Fact Sheet
Fact Sheet
2021 General Fund Budget
REVENUES:
Additional Information
- The first draft of the budget does not call for an increase in the real estate tax for 2021.
- The current millage rate is 0.02325, which translates to a quarter of 1 mill.
- The Township has maintained the equivalent of this millage rate since 1990.
- The real estate tax, for a home assessed at $200,000, is $45.80 in Warwick Township.
- The draft of the 2021 budget for revenue comes in at $5,186,705.
- The 1.75% revenue reduction for 2021 is primarily from reductions in Interest, Earned Income and Realty Transfer.
- Future trends show continued reduced revenue from cable franchise and state reimbursements.
- Proposed in 2021 will be a Stormwater Fee introduced by July, 2021.
EXPENSES:
Additional Information
- Expenditures for 2021 come to $5,244,194, only $10,000 over 2020 budget.
- The 2021 budget will utilize an estimated $60,000 of Cash Balance.
- Over $780,000 is earmarked toward maintenance and repair of roads and bridges (the Township maintains 87 miles of roadway).
- The budget contains increased support and expansion of the Warwick Emergency Services Commission (direct support of fire and ambulance companies) and includes an equipment replacement schedule of $693,000 for 2021.
- The Streetlight assessment rates will remain unchanged for 2021.
- The Capital Storm Water Replacement fee will be initiated in July, 2021.
- The Northern Lancaster County Regional Police Department continues to provide police protection to Warwick Township and is in its 10th year of operation.
- Continued effort on joint project to complete the 6th Street extension. Both roundabouts will be completed May, 2021.
- Phase 1 of 6th Street extension costs will be over $600,000.
- Budget for operating costs is matching the 2020 budget with no growth, but investment in infrastructure/equipment assets will be over $1.9 million for 2021.
- The Township has no debt service.
- The Township continues to have an AA Bond Rating.
Click to review previous Budget Fact Sheets: |
2020 Budget Fact Sheet |
2019 Budget Fact Sheet |
2018 Budget Fact Sheet |
2017 Budget Fact Sheet |
2016 Budget Fact Sheet |
2015 Budget Fact Sheet |