GREENCASTLE, Pa. - A preliminary budget was approved Tuesday night by the Greencastle Borough Council which includes no tax increase for borough property owners, according to Borough Manager Ken Myers.
The general fund came to $2,205,300, with a surplus. The top three areas of revenue came from real estate taxes (37 percent), earned income taxes (34 percent) and real estate transfer taxes (9 percent).
The top three expenditures in the 2008 budget are expected to be for police (40 percent), street department (28 percent) and administration (11 percent).
The total proposed budget is about $5.8 million.
The real estate tax rate will remain 11 mills. Each mill generates $37,794 in revenue, according to the borough's proposed budget.