Lower Merion Citizens for Responsible Budgeting (CRB)

 

CRB speaks for all residents who share its concerns about increasing taxes and unrestrained
government spending in Lower Merion Township. More about us…

 

LM Township Presentation on Refuse/Recycling (PDF) 7/21/2010-WED!

LM Township 2010-2014 Financial Update (PDF) 7/14/2010

LM Township Expenditure Increase Forecast - +5.9% per Year

Source: Lower Merion Township, July 1, 2009

 

Lower Merion Township Debt Burden:

Amount
Per Person
Net Debt of Township 2001 - $50,264,449
Net Debt of Township (April 21, 2010)
 $129,435,000
$2205.00
Share of School District Debt
 $314,395,200
Share of County Debt
 $50,182,107
NewTownship Debt (2010)
 $24,000,000
Planned Township Debt (2012-15)
 $40,000,000
Population - 58,740
Total Debt Burden -4/21/2010
 $494,012,670
 $  8,410.00

Source:Appendix A- Township of Lower Merion Series of 2010 Bond Offering Circular,

 

Lower Merion Township Real Estate Tax increases:

Year (mills) Percent Change Current
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
Cumulative RET revenue increase 2002-2010 = 52.25%
Cumulative RET millage increase 2002-2010 = 44.28%
*Starting in 2010, Trash service will no longer be partially funded by RE taxes

 

 

 

 

 

 

 

Source:  Lower Merion Township

 

 

Lower Merion Township General Fund Expenditures:

Exp Trends

 

 

 

 

 

 

 

 

 

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

 

 

 

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