Lower Merion Citizens for Responsible Budgeting (CRB)

2012 Financial Update on General Fund Balance

2011 Tenative WA Contract agreement (PDF)

New Penalties for Violating PA Sunshine Laws -July 25, 2011

Lower Merion Township Debt Burden:

	Amount	Per Person
Net Debt of Township 2001 - $50,264,449
Net Debt of Township (Jan. 30, 2012)*	$107,400,000	$1,856.71
Share of School District Debt	$302,370,200
Share of County Debt	$56,182,107
Planned Township Debt (2012-15)	$40,000,000
Population - 57,840
Total Debt Burden -4/21/2010	$466,286,670	$ 8,061.00

*Source: LMT February 23, 2012 Financial Presentation

 

Lower Merion Township Real Estate Tax increases:

Year	(mills)	Percent Change
	Tax Rate		RET
			Revenue
2002	2.62	0.0	$18,090,000
2003	3.2	22.10%	22,310,000
2004	3.34	4.40%	23,533,000
2005	3.47	3.90%	24,533,000
2006	3.47	0.00%	24,805,000
2007	3.54	2.00%	25,572,000
2008	3.61	2.00%	26,337,000
2009	3.68	2.00%	26,862,000
2010*	3.78	2.70%	27,587,000
2011	4.19	10.80%	30,566,000
Cumulative RET revenue increase 2002-2011 = 68.96%
Cumulative RET millage increase 2002-2011 = 59.92%
*Starting in 2010, Trash service will no longer be partially funded by RE taxes **Proposed Mill, Percent increase, and RET revenue for 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lower Merion Township General Fund Expenditures:

 

 

 

 

 

 

 

 

 

Source: Lower Merion Township

 

 

 

 

CPI data - Bureau of Labor Statistics

LMT Expenese Data - Lower Merion Township

Median Wage Increase Data - Social Security Administration

1996=100