Politics & Government
Narberth OKs Budget, Tax Rate
The borough manager also provided an update on bridge-repair progress.
The Narberth Borough Council on Wednesday night approved a 2013 budget that includes no tax increase on residents.
The rate remains $1,316 a year for a $150,000 home, roughly the average assessment in the borough.
Repairing the Narberth Avenue bridge is set to cost the borough about $300,000, in a borough whose annual budget is less than $5 million. Officials are going through the process of getting the $300,000 in a tax-anticipation note from Wells Fargo, to be repaid over five years.
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Narberth Borough Manager Bill Martin said crews have done two weeks of bridge repairs already and are in the middle of a holiday week off. The work is still expected to be completed and the bridge reopened around the third week of January, Martin told Patch.
The century-old bridge closed in August after failing a PennDOT safety inspection. The borough plans to demolish and rebuild the bridge as soon as 2014.
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