Judge allows Shamokin to maintain tax rate above state maximum - 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
December 5, 2018 Newswires
Share
Share
Post
Email

Judge allows Shamokin to maintain tax rate above state maximum

Daily Item (Sunbury, PA)

Dec. 05--SUNBURY -- Taxpayers in Shamokin will continue paying a 35-mill real estate tax and 2 percent earned income tax as part of the city's state-guided Act 47 recovery plan.

On Tuesday, Northumberland County Judge Hugh Jones approved the city's petition to keep millage rates 5 mills above the maximum millage rate and 1 percent above the maximum earned income tax, which would allow the city to generate nearly $1 million in revenue to balance the 2019 budget. It is the 11th consecutive year that the city was approved for the higher millage rate and the fifth year for the EIT.

"Without the court's approval, the city of Shamokin would run out of money, probably around October," city administrator Robert Slaby testified. "We would have no funds for payroll, no funds for insurance, nothing. We'd have to shut the city down."

One mill of tax generates approximately $24,000 in revenue for the city, Slaby said.

In the last four years, Slaby said the city's bills have been paid, no new positions have been created and no salaries have been increased.

"Is the city filthy rich? Now, but it is paying the bills," Slaby said.

Act 47 Coordinator Ryan Hottenstein testified that not approving the petition would negatively affect the city, such as not having police or emergency services.

"It would impact the health, safety and welfare of the city of Shamokin," Hottenstein said.

As part of the Act 47 protection program since July 2014, the city is considered a financially stressed municipality, which allows the city to avoid bankruptcy, secure state interest-free loan assistance and budgetary oversight and authorizes the collection of higher taxes. Hottenstein said the city can start drafting an exit plan for the program at the end of 2019.

The $4.14 million budget for 2019 will be discussed at a workshop meeting at 6 p.m. Wednesday followed by the first vote on the budget at 7 p.m. Monday. The budget will be on display until a special meeting at the end of December where council members will give final approval.

___

(c)2018 The Daily Item (Sunbury, Pa.)

Visit The Daily Item (Sunbury, Pa.) at www.dailyitem.com

Distributed by Tribune Content Agency, LLC.

Older

Latin American Headlines at 1:14 p.m. EST

Newer

AM Best Upgrades Issuer Credit Rating of Bremen Farmers Mutual Insurance Company

Advisor News

  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
More Advisor News

Annuity News

  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity News

Health/Employee Benefits News

  • NAIC raises concerns about ACA agent moratorium
  • Former Speaker joins Sewell on healthcare panel
  • A $500 Obamacare refund could be headed to Wyoming residents. Here's who gets paid
  • State Health Plan loses bid to stop Atrium program, warns of $50 monthly premium hike
  • Your questions answered on Medicare open enrollment
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
  • 777 Partners founder pleads guilty to $500 million fraud scheme
  • AM Best Affirms Credit Ratings of Luen Fung Hang Insurance Company Limited
  • Navigating GenAI risk in insurance
Sponsor
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
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.