Borough council might OK tax hike - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 18, 2018 Newswires
Share
Share
Post
Email

Borough council might OK tax hike

Herald, The (Sharon, PA)

Nov. 18--SHARPSVILLE -- Sharpsville residents might see an increase to their real estate taxes and water rates if the borough's proposed 2019 budget is approved.

The budget calls for spending $5,088,268 in 2019, an increase of $563,142 from the 2018 budget's estimated expenditure of $4,525,162.

The real estate tax will be increased by .50 mills in the proposed budget, raising the current tax of 24.67 to 25.71. A mill is one dollar for every $1,000 in assessed property value, based on a property's 1970 assessed market value.

For a owner of a property valued at $18,500, the average assessed value in Sharpsville, a homeowner's real estate tax of $456.40 would be increased by about $5.95.

The tax increase would go toward funding the Sharpsville Volunteer Fire Department, which Sharpsville Borough Manager Ken Robertson said is looking to modernize its equipment, particularly its vehicles. The department's ladder truck was last replaced around 2002 or 2003, while the fire engine was replaced in 1998.

"In the world of increased costs, the fire department is not exempt from that," Robertson said. "Equipment, of course, needs maintained, and insurance costs have gone up as well."

Water rates also will increase with the monthly base rate of $18.30 rising to $18.42. The increased rates were passed along by Aqua Pennsylvania, which provides water service to the borough, Robertson said.

"We have a contract with them that allows the rate to increase yearly," Robertson said. "It's a 20-year agreement, and we're currently in the ninth year."

The borough is expected to receive $502,577 in revenue from the Highway Aid Fund, which comes from the state's gasoline tax. Up to $70,000 will be used to purchase salt, while the funds can also go toward projects such as paying for a new street sweeper and the paving of Mercer Avenue between Shenango Street and Ridge Avenue, where Robertson said the handicapped-accessible sidewalks have already been upgraded to Americans with Disabilities Act standards.

The Mercer Avenue project also will use federal Community Development Block Grant funding, Robertson said.

Another project planned by the borough is milling and paving East State Street from Mercer Avenue to the Kelly Road Bridge. However, because the Pennsylvania Department of Transportation's bridge replacement project is expected to begin in late 2019 or early 2020, Robertson said the road project is on hold until after that work is completed.

"We're hoping to get started after the heavy construction equipment is done using the street," he said.

A copy of the proposed budget will be available for review during business hours at the Sharpsville municipal building. Borough council will vote on the proposed budget at its 7 p.m. meeting on Dec. 12, which will be preceded by a workshop meeting at 7 p.m. Dec.10.

Like David L. Dye on Facebook or email him at [email protected].

___

(c)2018 The Herald (Sharon,Pa)

Visit The Herald (Sharon,Pa) at www.sharonherald.com

Distributed by Tribune Content Agency, LLC.

Older

PG&E reports second power line problem before Camp Fire. Paradise residents file lawsuits

Newer

Camp Fire: How do you rebuild Paradise when all seems lost?

Advisor News

  • 73% of US business leaders say economic uncertainty keeps them from focusing on transition
  • A new era at the Federal Reserve
  • What advisors need to know about the life settlement boom
  • Report: Many Americans paying up to 45% of annual income on auto loans
  • Latest state budget raises taxes on Californians, ignores voter priorities
More Advisor News

Annuity News

  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
More Annuity News

Health/Employee Benefits News

  • Workplace pilot will support employees with celiac disease
  • Connecticut retirees face high savings hurdles
  • Largest Medicaid pediatric provider sues DeSantis administration over pay rates
  • Research Conducted at University Medical Center Munster Has Updated Our Knowledge about Transgender Health (Longitudinal Trends of Health Service Utilization for Gender Dysphoria In Germany Between 2010 and 2021 Based On Health Insurance Data): Health and Medicine – Transgender Health
  • Karnes County renews employee health insurance benefits
More Health/Employee Benefits News

Life Insurance News

  • Connecticut retirees face high savings hurdles
  • AI-created images in insurance fraud and the impacts on clients, advisors
  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
  • Avoid the ‘summertime slump:’ Strategies to remain productive
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet