Is there a forecast for Earned Income and Net Profits Tax related to new development within the Borough?
The Earned Income Tax not only applies to earned income, it also applies to net profits for sole proprietorships and partnerships. New developments within the Borough that increase the number of working residents will certainly have an impact on the Earned Income and Net Profits Tax collected. Retirements and changes in the population mix also impact the amount of tax collected each year. There is not enough scientific data that would allow the Borough to accurately predict the impact of residential development on the Earned Income and Net Profits Tax.

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1. What is a mill?
2. Why can’t the Borough borrow money from the Parking Fund for the General Fund?
3. Why is the budgetary problem with revenue and not expenditures?
4. Is the Borough running out of money?
5. What is the difference between what Penn State University would pay in real estate taxes versus what is received in impact fees?
6. How often does the Borough replace computer equipment and vehicles?
7. Why don’t the local municipalities consolidate?
8. Does the County or School District provide any financial contributions to the Centre Region Council of Governments (COG)?
9. Has there been any movement of Penn State University to the south of College Avenue and do these properties pay Real Estate Taxes?
10. Is there a forecast for Earned Income and Net Profits Tax related to new development within the Borough?
11. When was the Business Privilege Tax (BPT) eliminated?
12. How can the Borough tax rainwater?