The county-wide stay at home directives and other measures that have been taken to promote public health during the ongoing COVID-19 pandemic have resulted in significant economic and personal challenges for borough households, businesses, and property owners. After a modest delay, these disruptions to household incomes and local businesses are weighing on the borough’s financial outlook as well. Borough Council and Borough administration would like to summarize these impacts and describe to borough residents and businesses how we are addressing them.
Borough expenses and revenues will both be affected. While some borough expenses may increase because of responses to COVID challenges (many of these are likely to be covered by state and federal reimbursements), and a few expenses may decline, the most significant challenges for borough finances will come from falling revenues, many of which are paid by businesses located in the borough. The figure below shows projected borough General Fund revenue for 2020 by source.* The primary revenue sources for the General Fund are the Local Enabling Taxes (38% for 2020), which include the Act 511 local business taxes, and Real Estate Taxes (36% for 2020).
The county-wide stay at home directives and other measures that have been taken to promote public health during the ongoing COVID-19 pandemic have resulted in significant economic and personal challenges for borough households, businesses, and property owners. After a modest delay, these disruptions to household incomes and local businesses are weighing on the borough’s financial outlook as well. Borough Council and Borough administration would like to summarize these impacts and describe to borough residents and businesses how we are addressing them. Continue reading JENKINTOWN BOROUGH FISCAL OUTLOOK FOR 2020 AND 2021 IN LIGHT OF COVID-19 PANDEMIC→
Installation of New Gas Mains The Borough has been notified by PECO’s subcontractor, Henkels & McCoy, that the Accelerated Gas Infrastructure Modernization Project (AGIMP) will continue the week of Monday, May 11th. Walnut Street between Rodman and Hillside Avenues will have temporary lane closures for approximately one week beginning Monday, May 11th from 9:00 AM to 3:00 PMto allow for the installation of new gas mains to be safely completed in this
