Edgeworth property owners will not have to pay more in real estate taxes this year.
Borough officials voted last month to adopt the 2026 budget and maintain the tax rate at 4.15 mills.
The borough has not raised taxes in 23 years.
Projected revenues were listed at about $3.447 million and expenditures at about $3.347 million, meaning there’s a $100,000 projected surplus.
Projected income includes about $1.563 million in real estate taxes, $1.1 million in earned income taxes, $140,000 in real estate transfer taxes, $99,700 in state shared revenue and entitlements and $16,000 in fines.
Spending includes about $1.16 million for public safety, $654,600 for insurance/benefits, $501,000 for public works/highway, $450,000 for general government, $301,000 for interfund transfers, $244,000 for health and sanitation and $29,700 for parks and recreation.
Borough Manager Ellen Politi said there are no cuts to programs or services.
“We have a steady and consistent real estate and earned income tax base,” she said. “Our budget process is pretty standard and smooth sailing. We did not have any challenges or surprises.”
Council Vice President Ivan Hofmann said the borough has a strong earned income tax collection. Earned income tax is 1%, with half going to Quaker Valley School District and the other half going to the borough.
Edgeworth collected about $1.505 million in earned income tax last year.
“We’ve got a really large number of very successful people living in Edgeworth,” Hofmann said on Jan. 21. “It’s helped us a lot in terms of our budgeting.”
Budget highlights
The borough allocated $500,000 for paving this year. A list of streets still needs to be finalized.
About $420,000 is expected to be spent over two years for the traffic signal upgrade at Beaver Road and Academy Avenue.
Edgeworth was awarded a $251,000 state grant to help offset costs. Remaining costs after the grant will be split between Edgeworth and Sewickley boroughs.
Other spending highlights include $65,000 for a new police vehicle, $30,000 for a new public works mower and $75,000 for a sidewalk replacement program.
The budget is available for review at the borough office, 301 Beaver Road.
