Allentown 2022 Budget Presentation Overview
Explore the details of Allentown's 2022 budget presentation, including tax rates, compliance with the Tax Cap Levy Law, average home values, net valuation ratable base, and more.
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Presentation Transcript
BOROUGH OF ALLENTOWN 2022 BUDGET PRESENTATION INTRODUCTION April 12, 2022 PUBLIC HEARING/ADOPTION May 10, 2022
Allentown Tax Rates 2013-2022 Year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Tax Rate .892 .869 .8215 .8215 .799 .7986 .7940 .7960 .7660 .7340 Tax Increase 0.023 cents 0.049 cents 0 0.0225 cents 0.0004 cents 0.0046 cents 0 0.03 cents 0.032 cents 0.052 cents
Tax Cap Levy Law The 2022 Budget is in compliance with the 2% Tax Cap Levy Law. Items excluded from the calculation: Debt Service, Shared Services, Grants, Capital
Borough of Allentown Average Home Value 2020 2021 2022 $292,860 $293,116 $291,600 *as per Tax Assessor
Borough Net Valuation Ratable Base 2022 $193,735,300 2021 $193,463,000 2020 $192,242,000 2019 $192,506,300 2022 Assessed to True Value at 93.44%
Value of .01 Cent Tax Rate 2022 $19,373 2021 $19,346 2020 $19,224 2019 $19,250
Tax Levy Change 2022 Budget at $0.892 per hundred (estimated) 2021 Budget at $0.869 per hundred
Summary of Revenues CURRENT FUND 2022 Anticipated 2022 2021 1. Surplus 470,000.00 444,500.00 2. Total Miscellaneous Revenues 592,993.68 972,005.38 3. Receipts from Delinquent Taxes 85,000.00 65,000.00 4. a) Local Tax for Municipal Purposes 1,724,249.89 1,680,492.00 b) Addition to Local District School Tax Total Amount to be Raised by Taxes for Support of Municipal Budget 1,724,249.89 1,680,492.00 Total General Revenues 2,872,243.57 3,161,997.38 Summary of Appropriations 2022 Budget Final 2021 Budget 1. Operating Expenses: Salaries & Wages 1,070,200.00 1,007,950.00 Other Expenses 1,141,746.05 1,136,922.38 2. Deferred Charges & Other Appropriations 294,108.50 287,525.00 3. Capital Improvements 375,000.00 4. Debt Service (Including for School Purposes) 216,189.02 204,600.00 5. Reserve for Uncollected Taxes 150,000.00 150,000.00 Total General Appropriations 2,872,243.57 3,161,997.38 Total Number of Employees 32 32
WATER UTILITY FUND 2022 Dedicated Water Utility Budget Summary of Revenues Anticipated 2022 2021 1. Surplus 2. Miscellaneous Revenues 3. Deficit (General Budget) Total Revenues 75,900.00 940,912.66 82,000.00 716,208.40 1,016,812.66 798,208.40 Summary of Appropriations 2022 Budget Final 2021 Budget 1. Operating Expenses: Salaries & Wages 115,700.00 419,500.00 235,786.68 229,225.98 16,600.00 81,100.00 419,400.00 60,000.00 213,208.40 24,500.00 Other Expenses 2. Capital Improvements 3. Debt Service 4. Deferred Charges & Other Appropriations 5. Surplus (General Budget) Total Appropriations Total Number of Employees 1,016,812.66 798,208.40 1 1
SEWER UTILITY FUND 2022 Dedicated Sewer Utility Budget Summary of Revenues Anticipated 2022 2021 1. Surplus 2. Miscellaneous Revenues 3. Deficit (General Budget) Total Revenues 152,000.00 904,900.00 168,000.00 895,300.00 1,056,900.00 1,063,300.00 Summary of Appropriations 2022 Budget Final 2021 Budget 1. Operating Expenses: Salaries & Wages 87,700.00 725,050.00 130,000.00 97,550.00 16,600.00 81,100.00 731,900.00 130,000.00 95,800.00 24,500.00 Other Expenses 2. Capital Improvements 3. Debt Service 4. Deferred Charges & Other Appropriations 5. Surplus (General Budget) Total Appropriations Total Number of Employees 1,056,900.00 1,063,300.00 1 1
Allentown Taxes 2021 vs 2022 Local Taxes $1,680,492 Local Taxes Local Open Space Taxes School Taxes (Estimated) County Taxes (Estimated) $1,724,250 $87,181 $3,515,102 $582,593 Local Open Space Taxes $87,058 School Taxes $3,519,003 County Taxes $565,624 County Taxes 9.665% County Taxes 9.859% Local Taxes 28.715% School Taxes 59.486% Local Taxes 29.180% Local Open Space Taxes 1.487% School Taxes 60.133% Local Open Space Taxes 1.475% Total- $5,852,178 Total- $5,909,126
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