Radnor Township commissioners adopted the 2025 preliminary comprehensive budget, which has $60.8 million in revenues and $60.5 million in expenses. The preliminary budget would raise property taxes by 2%, from 2.4365 to 2.4852 mills. Officials said the increase aims to cover a base operating deficit of roughly $300,000 created by the new Police Community Support Unit, which was approved in 2023. The increase would also provide anticipated funding needed for the Wayne Master Plan and a zoning rewrite contract. Additionally, the adjustment would serve as a continued step in lessening its reliance on business taxes for operational purposes. See the budget presentation on the township website. The Radnor Township Board of Commissioners will hold its final public hearing on the budget on Monday, Nov. 25.
Source: Radnor Patch; 10/30/2024