Dec 18, 2024 1 min read

Peters Township council adopted next year’s budget, which will maintain the current tax rate.

The $43.7 million budget will keep taxes at 1.7 mills, which is assessed at $1.70 on each $1,000 of a property’s value.

The 2025 budget forecasts that Peters will bring in about $29.4 million in revenue. Township Manager Paul Lauer explained the large difference between expenses and revenues is due to several projects the township plans to undertake next year.

“What that is mostly a reflection of is the fact that we have bond money that we’ve been holding onto to undertake projects in the park,” Lauer said.

Lauer added that the township will have more than $6.8 million in grant funding next year, 23% of the expected revenue.

“That amount would be extraordinary for our community,” Lauer said.