Towamencin Township approved its 2026 budget, implementing a 7% real estate tax increase, the first in three years. The millage rate will rise to 6.089 mills and is projected to generate just under $350,000 in new revenue. The budget maintains the homestead and farmstead exemptions at $50,000, holds sewer rates steady at $590, and includes $5 million in 15-year borrowing for capital projects. The tax increase will cost the average homeowner an additional $64 without the exemption or $44 with it. Total general fund reserves are projected to drop at the end of 2026 from $2 million to $1.4 million.
Source: The Reporter; 12/11/2025