CHAMBERSBURG, PA. - Rates for borough electric customers will increase 20 percent by the end of next year, but property taxes should remain unchanged, according to the 2008 budget presentation Monday to the Chambersburg Borough Council.
"It's a squeeze, but I think we can manage a budget without a tax increase," Borough Manager Eric Oyer said before the presentation. Balancing the $11,478,270 general fund budget, however, will require taking more than $1.3 million out of cash reserves, he said before his presentation.
Development within the borough and better than expected revenues from the emergency and municipal services tax in 2007 should help the borough hold the line on taxes, Oyer said.
"We had more cash than we anticipated and we can use some of that to balance the budget, but that won't last forever," Oyer said.