New Castle News
NEW CASTLE — Taxes and sewer rates will remain the same for Neshannock residents under the township’s 2014 budget.
The Neshannock Township supervisors unanimously approved the spending plan at a special meeting Monday. It includes a $3.63 million general fund operating budget and a total budget of $7.23 million.
Leslie Bucci, secretary/treasurer, said the budget includes about a half percent increase in revenues based on a slight increase in assessed property value in the township.
Hospitalization costs for employees will increase only two percent in 2014 because of a contract rate.
The supervisors noted in the budget that they are continuing litigation to recover costs against a contractor who had defaulted on one of the Millennium sewer project contracts several years ago.
The officials had financed the additional cost for the project because of the default by issuing bonds in 2009 and have since refinanced the bonds on the $3.98 million additional work needed. They expect to recover the money due the township under the 2006 developer’s agreement with the Lawrence County Economic Development Authority.