News Flash

Finance

Posted on: December 28, 2022

2023 Budget

2023 Budget Image

On December 15th Media Borough  Council passed the FY 2023 General Fund, Capital Fund, Recreation, and Liquid Fuels budgets. The general operating fund is approximately $10.9 million. It includes a 2.00 millage rate, which is a 0.19 mills increase, the result being that most households will experience about $65 increase in property taxes

(Note: exact amounts depend on individual property assessment). In addition, the budget increases parking rates to $1.50 an hour from 8:00AM-8:00PM Monday through Saturday. 

The additional revenue is needed to create a sustainable source of funding for capital projects within the borough.  Specifically, it will help maintain and enhance our infrastructure such as roads, sidewalks, stormwater facilities, and parks for our residents. For further details, please see the full budget and budget presentation on the Borough website or click the links below:

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