Radnor Township Handbook 1972 - Delaware County PA History
Radnor Township Handbook 1972 - Delaware County PA History
Radnor Township Handbook 1972 - Delaware County PA History
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10<br />
TOWNSHIP<br />
FINANCES<br />
1979 TAXES<br />
r---<br />
I<br />
1979 Income<br />
Real Estate Taxes $2,644,340<br />
Beginning Balance 179,546<br />
Transfers from Other Funds 442,325<br />
Local Enabling Taxes 582,500<br />
All Others 813,965<br />
11<br />
I1<br />
<strong>Township</strong> services are financed primarily by the tax on real<br />
estate. Additional sources of revenue are fees, other taxes and the<br />
sale of bonds for capital purposes. Taxes are levied by the Board of<br />
Commissioners who is responsible for all fiscal policies. (The School<br />
Board levies school district taxes, and <strong>County</strong> Council establishes<br />
county taxes.)<br />
The real estate tax accounts for about 55% of all revenues for<br />
running the local government. Property is assessed at a certain<br />
percentage of its market value and is the basis for the real estate tax.<br />
In 1979 the total real estate tax rate for the <strong>Township</strong>, the county<br />
and the school district was 236.00 mills. At that rate, the taxpayer<br />
pays $236.00 for each $1,000 of assessed valuation of his property.<br />
The ratio of assessed value to actual value is the result of county<br />
assessment practices. Assessment of new construction, reassessments,<br />
choice of assessors and tax appeals are all functions of <strong>County</strong><br />
Council, and the resulting tax base is used not only by the county<br />
but also by local governments and school districts.<br />
The total assessed valuation for computing taxes in <strong>Radnor</strong><br />
<strong>Township</strong> in 1979 was $61,244,300. The 1979 <strong>Township</strong> budget<br />
and tax rate were about 8% higher than the year before.<br />
Approximately one-third of the property in <strong>Radnor</strong> is tax-exempt.<br />
As directed by the Home Rule Charter, the Commissioners adopt<br />
their budget by December 31 for the following year. The fiscal year<br />
is the same as the calendar year. From the <strong>Township</strong> Manager and<br />
Department Head proposals, the Commissioners establish a final<br />
budget with aporopriate tax rates. Public meetings are held, and<br />
public review of the budget is possible up until final adoption. The<br />
<strong>Township</strong> may temporarily borrow operating revenue in the form of<br />
loans in anticipation of committed income such as taxes.<br />
R<br />
A<br />
0<br />
N<br />
0<br />
R<br />
S 46.50<br />
Mills 43.50<br />
~MiIIS<br />
C<br />
H D -<br />
0 E<br />
0 L A<br />
L W<br />
0 A T<br />
R<br />
I 0<br />
E<br />
S W<br />
T C N<br />
R 0 S<br />
I U H<br />
C<br />
N I<br />
T<br />
T P<br />
V<br />
The general fund for 1979 is shown on the accompanying charts. 61.9 19.7 18.4<br />
The 1979 budget totaled $4,662,676 for <strong>Township</strong> services. % OF TOTAL<br />
I<br />
1979<br />
Expenditures<br />
Police<br />
Debt Service<br />
All Other<br />
Refuse Collection<br />
Roads<br />
Recreation<br />
Community Devel.<br />
Library<br />
Municipal Bldg.<br />
& Grounds<br />
AdministratiOn}<br />
Finance<br />
Engineering<br />
Carry Over<br />
1,259,246<br />
518,205<br />
651,160<br />
499,974<br />
716,107<br />
269,724<br />
175,517<br />
131,000<br />
108,740<br />
264,728<br />
76,276