BREAKING: Bucks County commissioners have just approved a significant 8% property tax increase to address a staggering $16 million operational budget deficit. The vote, which took place on Wednesday, passed with a 2-1 majority, setting the stage for the county’s financial strategy in the coming year.
This new budget, which includes a 2.2-mil increase, translates to an additional $1.38 per week for local homeowners—amounting to about $6 per month. Interim Chief Financial Officer Jeannette Weaver highlighted that each mil brings in approximately $8.247 million in revenue, an essential factor in maintaining county services amidst rising inflation.
Commissioner Bob Harvie led the charge for this tax increase, emphasizing the need for financial flexibility in a challenging economic climate. “There is a lot of deferred maintenance on projects in the county, in addition to the very unsettled situation of our economy,” Harvie stated during the meeting. He argued that the increased revenue is crucial for planning and sustaining essential services.
Commissioner Diane Ellis-Marseglia defended the measure, asserting that it minimizes the impact on property owners while maximizing funding for vital services. “It seems fair to me that we will be able to keep county residents safe,” she added, underscoring the importance of continued support for vulnerable populations.
In contrast, Republican Commissioner Gene DiGirolamo opposed the increase, raising concerns about the financial burden on residents. The county’s current millage rate stands at 27.45 mils, and this is the second consecutive property tax hike, following an increase in 2024.
The total budget expenditure is set to rise by 3.6%, an adjustment that reflects the ongoing economic pressures facing Bucks County. As neighboring counties like Delaware County are implementing much steeper tax increases—up by 19%—Bucks County’s decision may position it more favorably in comparison.
With further discussions on property taxes occurring in Montgomery County and Chester County also considering budget adjustments, the implications of Bucks County’s decision will be closely monitored by residents and officials alike.
This urgent update highlights the immediate financial landscape for Bucks County residents and signals potential ripple effects throughout the Philadelphia suburbs. What happens next will be crucial for taxpayers and county services moving forward.
Stay tuned as we continue to cover the implications of this decision and its impact on Bucks County’s residents.
