The Wrightstown Township Board of Supervisors is considering a reduction in the township’s earned income tax rate for 2024. A final decision has yet to be made, but if it were to occur the rate would likely drop from 1.15% to 1%. The township earmarked 0.15% of the EIT for open space preservation — essentially paying back debt taken on to fund the protection of land against development. That 0.15% open space tax is no longer needed, because the township is done paying the debt. Supervisors and municipal professionals, led by Township Manager Stacey Mulholland, are still developing the 2024 budget in which the real estate millage rate and EIT will be established.
Source: Bucks County Herald; 10/12/2023