Jenkintown Council adopts preliminary budget with 16 percent tax increase

    You wouldn’t think a 16 percent real estate tax increase would yield applause, but the Globe Times Chronicle reports that’s what happened at the Nov. 28 Jenkintown Borough Council meeting.

    A $500,000 deficit led to some tough choices, and apparently, the understanding of those who attended the meeting.

    The increase would mean people in homes valued at $150,000 would pay $1,086.45 in real estate taxes in 2012. Borough Council approved the hike in its preliminary budget vote, but also agreed the earned income tax should continue to go toward the schools, not the borough.

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