Carlisle Borough’s $12.8 million annual budget is down $341,000 so far this year due to the COVID-19 pandemic, though it’s not as bad as some might have thought, The Sentinel reported.
The midyear financial report was presented at Thursday night’s borough council meeting. It showed Carlisle’s main sources of tax revenue are doing fairly well, finance director Richard Juday told the council, noting that parking fees, building permits, parks rentals and other smaller revenue streams have taken a hit.
“We’ve seen a lot of areas where we haven’t met our expectations in terms of revenue as well as expenses,” Juday said.
The borough’s general fund revenue stems primarily from property taxes and its earned income tax. Most of the current budget year’s property taxes were collected before the pandemic, he said.
Around $4.7 million in property taxes have been collected, with more than $450,000 outstanding and due to come in by Nov. 1 — the extended deadline for property taxes, the story said.
Juday said the borough staff has been pursuing any COVID-19 relief grants that they can, including from Cumberland County, which received about $23 million in federal CARES Act funding.