Assembly adopts budget for FY 2021
June 25, 2020
After multiple workshops, rewrites, and edits, the borough assembly met Tuesday evening to finally adopt a budget for FY 2021. This budget, overall, barely breaks even between revenues and expenses. However, despite recent concerns of a deficit in their general fund, the budget brought before the assembly this night actually had a general fund surplus.
The general fund now has revenues of about $4.95 million, and expenses of roughly $4.91 million. After transfers, Borough Manager Lisa Von Bargen said the general fund would have a surplus of $436,637. In their last workshop, last week, the a...