12 - 17 - 2013 State College nixes proposed tax increase for borough
[CDT] - State College Borough Council wonât raise taxes in 2014, after all. Council voted 4-3 last night to pass a final spending plan that avoids a tax increase, reversing course from preliminary budget talks that called for an increase of 1.5 mills. Instead of collecting new tax revenue, the borough will dig deeper into its reserve funds, including money set aside to help with pension costs, to balance its 2014 budget. It appeared just last week that council was heading for a tax increase. But Councilman Jim Rosenberger made a last-minute appeal at councilâs final budget review session. Rosenberger said he hadnât seen enough in budget talks to convince him that an increase was necessary, and argued there is enough in reserves to comfortably cover the projected shortfall in 2014. On the agenda Monday was the proposed budget with its tax increase, but Rosenberger instead made a motion to pass the spending plan without raising taxes.