Lansdowne Borough Council will consider the adoption of a proposed ordinance that would increase its earned income tax (EIT) from 0.5% to 1.0%. The EIT “is necessary to diversify the tax base of the borough and allow the borough to lower property taxes for its residents,” according to a borough notice. The borough estimates that approximately $1.2 million of revenue will be derived from the increase. If enacted, it would take effect in 2024 and continue until it is amended or repealed. The ordinance will be considered at a public hearing on Wednesday, Nov. 15, at 7 p.m. at Lansdowne Borough Hall Building, 11 E. Baltimore Ave.
Source: Daily Times; 10/30/2023