FINANCIAL PLANNING COMMITTEE

TUESDAY FEBRUARY 17, 2004


Approval of Minutes: On motion of member Dieterle, seconded by member Tirpak and approval by all present, minutes of the meeting held on February 17, 2004 were approved.


The Newtown Township Financial Planning Commission met on Tuesday, February 17, 2004 in the meeting room of the Municipal Building, 100 Municipal Drive, Newtown, Pa.

Members present were Supervisors Ann Goren, Robert Dieterle, Robert Pellegrino, Elaine Gibbs and Phil Vance. Member Allen Fidler had been excused previously.

Due to the fact that there was not a quorum present who had attended the meeting held on January 20, 2004, minutes of that meeting were not approved.

Discussion related to a suggestion that the Township develop and present a 5-year Financial Plan (Budget).

sources of funding was discussed with a concern being the probable adoption of an Earned Income Tax in several neighboring municipalities. Residents of such municipalities who work in Newtown Township and may currently be assessed the EIT will have those taxes directed to the township of residence if that Township adopts such a tax. Perhaps as much as one million dollars (+ or -) lost by Newtown Township will adversely affect the budget (s).

A suggestion was directed to Finance Director Gibbs to confer with Representative Steil about the matter to encourage his lobbying in Harrisburg. Supervisor Goren suggested the Board of Supervisors could be requested to fund a cost-analysis of revenue/income for future years to help determine what the rippling affects might be on up-coming budgets.

A comparitive document could be supportive in further conversations with Representative Steil asking: "Look at this, what is this doing to us?" Perhaps forming a coalition with other area municipalities might help gain support as a protest develops. Supervisor Goren suggested the real need for a "strong business presence here (in the Township) to help support services residents require."

The Board of Supervisors has approved a revised Mission Statement, which is attached to the original of these minutes for record.

A brief discussion centered on the time of the meetings and the Secretary was directed to send a questionnaire to members to be returned at the next meeting when the matter would be discussed.

Adjournment

There being no further matters for discussion, the meeting was duly adjourned at 9:30 A.M.

 

Respectfully submitted,

 

____________________
Ethel K. Hibbs, Secretary