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…

Most Recent News! 4/23/09

Transparency and Township Meetings- Recent Remarks 5/08/09

Map: Property Taxes on Owner-Occupied Housing by State

 

Lower Merion Township Debt Burden:

Amount
Per Person
Net Debt of Township (May 2009)
 $101,330,000
Share of School District Debt
 $224,278,658
Share of County Debt
 $46,167,107
Planned Township Debt (2010)
 $15,000,000
Planned School District Debt (2009)
 $106,000,000
Total Debt Burden
 $492,775,765
 $  8,496.81

Source:Appendix A- Township of Lower Merion Series of 2008 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
Cumulative RET revenue increase 2002-2009 = 48.50%
 

 

 

 

 

 

 

 

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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