Aldan Borough Council is considering enacting a 1% earned income tax (EIT) in 2025. In addition to the growing costs of utilities, maintenance and employee salaries, the borough cites a need to renovate and expand its borough building. The building needs to be expanded to accommodate eight full-time police officers along with a borough manager, a borough secretary and a code enforcement officer. The construction costs are $3.2 million. Data suggest that the maximum revenue that Aldan Borough could receive from a 1% EIT is approximately $900,000 — but the actual amount collected would be less than half of that number because many residents are retired or work in Philadelphia, which does not remit EIT revenue to residents’ municipalities. Borough council will consider adopting an ordinance enacting the 1% EIT on Wednesday, Oct. 23, at 7 p.m. Read more about the EIT proposal on the Aldan Borough website.
Source: Aldan Borough; 10/8/2024