Budget, Taxes & Finance

 

 

CONTACTS

Peggy Lennon
Director of Finance
610-436-5108 x102
plennon@eastbradford.org

 

2021 BUDGET

On December 8, 2020, the Board of Supervisors adopted the 2021 Budget.

The 2021 Budget is balanced with no tax increase. Fund equity is being used to balance the projected General Fund Budget deficit of $217,876. Future revenue increases appear necessary under current estimates and forecasts to address indicated increasing budget deficits through 2025. Property tax millage increases, which are recommended for 2022 (.25 mill) and 2024 (.25 mill), are deemed a necessary minimum.

Capital needs continue to present a challenge. The 2021 Capital Reserve Fund anticipates expenditures in the range of $1,900,000. This includes large capital projects like the repair of the Ashbridge Road culvert ($450,000) and repair of the Highland Road bridge ($250,000), as well as scheduled vehicle replacements ($370,000). In order to cover the projected costs of these projects, the Township has budgeted $1,000,000 in revenue in the Capital Reserve Budget. The source of this revenue is currently unknown, but it could come from internal resources (e.g. General Fund balance or Capital Investment Fund) or external sources (e.g. loan). Options will continue to be investigated into 2021.

Questions and comments on the budget are welcomed and can be directed to Peggy Lennon, Director of Finance, at plennon@eastbradford.org or (610) 436-5108 x102.

Prior year budgets are provided below:

 

The Township budget consists of seven distinct budgets – General, Sewer, Highway Improvement, Liquid Fuels, Capital Reserve, and Open Space.

  1. The General Fund is the principal operating fund for the Township (e.g. police, fire, recreation, planning, codes, etc.).
  2. In December 2018, East Bradford Township sold its public sewer conveyance system to Aqua PA. However, the Sewer Fund continues to support the construction and operation of the ongoing Darlington Ridge development. Once that development is complete, the Township will work to sell that portion of the system to Aqua, as well.
  3. The Highway Improvement Fund supports the design and construction of road improvements.
  4. Receipts for the State Liquid Fuels Fund are provided by the State of Pennsylvania from gas taxes and are based upon Township road miles and population.  Use of the fund is limited to road maintenance/reconstruction and related equipment purchases.
  5. The Capital Reserve Fund is used for capital projects, major equipment purchase/replacements, capital debt, and asset depreciation funding.
  6. The Open Space Fund, created in 1999, is funded principally from earned income tax (¼ of 1%) pursuant to the Open Space Preservation Act (153 of 1996). Expenditures are restricted to acquisition of interests in real property and costs associated with these acquisition activities including maintenance and improvements stewardship (authorized under Act 115 of 2013).
  7. The Capital Investment Fund was created in 2018 to manage the proceeds from the sale of the public sewer system ($5,000,000). The intent of the Board of Supervisors is to conserve the principal and utilize the annual return on investment to supplement the Township General Fund and Capital Reserve Fund.

 

 

EARNED INCOME TAX

Keystone Collections Group collects the earned income tax, open space tax and local services tax for East Bradford Township.   You may contact them at (888) 328-0565 or, during the tax season, you can use this dedicated tax hotline: 1-866-539-1100.  They also have a local office at 780 Miles Road, West Chester, PA 19380 , (610) 269-4402.   The office is located in the Brookworth Plaza (in East Bradford Township) on Downingtown Pike (near the PNC Bank, Dunkin Donut and CVS).   The PSD Code for Residents is: 151201.  The Earned Income Rate for Residents is: 1.25% distributed as follows:

  • .50% goes to East Bradford Township
  • .50% goes to the West Chester School District
  • .25% goes to the East Bradford Township Open Space Fund

 

 

REAL ESTATE PROPERTY TAX

The current real estate tax millage rate is 1.50 mills on on each dollar of assessed valuation. You can use this formula to calculate your property tax: Assessment x millage = tax (face amount). So, the Township tax (1.50 mills) for a property with an assessed value of $200,000 would be calculated as follows: $200,000 X .0015 = $300.00 (face amount). [Note: 1.50 mill is equivalent to a millage of .0015 – the decimal is moved three places to left.]

East Bradford Township has contracted with the Chester County Treasurer’s Office to bill and collect the real estate taxes for the Township.  They also collect the County real estate taxes.  Residents can mail payments directly to the Treasurer’s Office at 313 W. Market Street, Suite 3202, West Chester, PA 19382.  Checks should be made payable “Chester County Treasurer.” Questions should be directed to the Treasurer’s Office at (610) 344-6370 or treasurer@chesco.org.  West Chester School District real estate taxes are collected by Berkheimer Associates ((866) 300-1714).

 

LOCAL SERVICES TAX (LST)

The Local Services Tax (LST) is collected from individuals who work in the municipality.  The $52.00/year tax is deducted from the individual’s paycheck.  Keystone Collections is the administrator of this tax for East Bradford Township ((724) 978-0300).

 

AUDITS

View recent audit reports below:

East Bradford