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! Click Here

2009 Budget review and public comment at Township, Wed., Nov. 19, at 8:05 pm

The agenda for Nov. 19th is not posted at this time.  The best estimate is the budget review and public comment will start at 8:30 pm

Library Renovation Projects - Link to Township site

 

Proposed Budget now Available!  Click Here

 

Lower Merion Township per Capita Debt Burden:

Amount
Per Person
Net Debt of Township
 $94,330,000
Share of School District Debt
 $224,278,658
Share of County Debt
 $46,167,107
Planned Township Debt (2009)
 $10,000,000
Planned School District Debt (2009)
 $106,000,000
Total Debt Burden
 $480,775,765
 $  8,184.81

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
Cumulative RET revenue increase 2002-2008 = 46%
 

 

 

 

 

 

 

 

Source:  Lower Merion Township

 

 

Lower Merion Township General Fund Expenditures:

Exp Trends

(Updated August 21, 2007)

 

 

 

 

 

 

 

 

 

Source: Lower Merion Township - http://www.lowermerion.org/finance/2007budget.html#expgenfund

 

 

 

 

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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