Lower Merion officials tout sound finances

Dated: April 22 2024

Views: 94

Lower Merion Township director of finance Eric Traub recently reported at a township committee meeting that the township has “hit a home run” to describe how it came to have a $5.3 million surplus. Traub reported that revenues exceeded the budgeted amount by $1.9 million, while expenditures were lower than budgeted by $1.1 million. Chris Walde, assistant township director of finance, said the real estate transfer tax was up about $700,000, and the business privilege tax was up about $600,000. On a downside, although the transfer tax was up last year, the increase was still about $900,000 lower than it had been in previous years. The news means that Lower Merion Township is “entering 2024 in the strongest financial position in at least over a decade.” 
Source: Main Line Media News; 3/25/2024

Blog author image

Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

Latest Blog Posts

5 Repairs Worth Doing Before You List (and 5 That Aren't)

Posted by Pete McGuinn
September 19 2026
0 comments

One of the most common questions I get from sellers: "What do I actually need to fix before we list?" Here's my honest, construction-background answer.Worth doing:Fresh, neutral paint — one of

Read More

Life Plan CCRC vs. Active Adult Community: Understanding the Difference

Posted by Pete McGuinn
September 5 2026
0 comments

One of the most confusing parts of exploring 55+ options is that "55+ community" actually covers two very different models — and mixing them up can lead to real financial and lifestyle

Read More

A First-Time Buyer's Guide to Delaware County School Districts

Posted by Pete McGuinn
September 2 2026
0 comments

One of the most common questions I get from first-time buyers with young kids (or plans for them) is simple: "Which school district should we be looking in?"I don't have a one-size-fits-all answer

Read More

City controller finds hundreds of property owners exploiting tax relief program

Posted by Pete McGuinn
August 31 2026
0 comments

Philadelphia’s city controller says the city and school district are losing millions of dollars in revenue from people who improperly claim a homestead exemption on their taxes. The homestead

Read More

Property Search

Contact Information

Address: 1615 West Chester Pike
West Chester, PA 19382
Phone: 610-692-2228
Phone: 610-804-6977

Search Blog

Our Bloggers

Pete McGuinn Posts

Pete McGuinn

984 Posts