The Middletown Township board of supervisors recently voted to preliminarily approve the 2023 budget and advertise it for public inspection. The proposed plan includes a balanced General Fund with no proposed tax increase.
The purpose of Middletown Township’s budget is for the board of supervisors, the township’s governing body, to establish its priorities for the disbursement of funds to accomplish its goals. To the public, the budget describes and details how the township accumulates and dispenses its resources.
Also included in the budget document is a summary of the township’s organizational and financial goals, goals for each department, and an analysis of the township’s performance management.
The board of supervisors is scheduled to consider adoption of the final 2023 budget at its meeting on Monday, Dec. 12. The overall 2023 budget is balanced and includes $38,856,018 in operational expenditures and $9,074,950 in capital expenditures. Residents are encouraged to review the budget before the meeting.
Middletown Township finances have been significantly impacted by the global COVID-19 pandemic over the past two years — initially with significant revenue losses in 2020, followed by the unanticipated influx of more than $4.7 million in 2021 and 2022 from the American Rescue Plan Act.
In 2022, Middletown Township experienced a strong revenue rebound that can be attributed to higher resident wages and increased development activity in the community, with Earned Income Tax, Real Estate Transfer Tax and Permit Fees all tracking higher than anticipated.
The 2023 budget has been prepared in accordance with the Government Finance Officers Association criteria to be considered for this award for what will be the fourth consecutive year. The 2023 budget is available at the Municipal Center and online at middletownbucks.org/2023Budget.