Newville faces earned income tax increase in 2024, beyond
Even with approximately $500,000 in state loans in September and $300,000 anticipated soon, the borough faces a $783,000 deficit in next year's budget.
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Even with approximately $500,000 in state loans in September and $300,000 anticipated soon, the borough faces a $783,000 deficit in next year's budget.
The projection assumed no changes to taxes, fees, headcount or other borough-controlled factors and came as part of a preliminary findings presentation.
Robert Sabatini is anticipated to start in mid-November, Borough Secretary Jody Hoffman said.
"We were going to be out of money at the end of August," Borough Solicitor Marcus McKnight said at the Borough Council's meeting Tuesday night.
Newville has applied for Act 47 protection amid financial concerns stemming from the discovery of financial discrepancies.