Falls Township in Pennsylvania is taking a preemptive stance to secure its financial future as a major revenue source shows signs of depletion. Historically, the township has been the beneficiary of substantial host community fees from Waste Management, amounting to approximately $18 million annually. This involvement has played a critical role in sustaining the community’s budget but now stands on uncertain ground. Recognizing the impending challenge of the landfill reaching capacity, officials have undertaken a strategic approach to plan for a changing economic landscape.To navigate these financial crosscurrents, the township has reached out to PFM Group Consulting, LLC, a recognized advisor in municipal finance. This move indicates a dedication to fiscal diligence, as PFM undertakes an all-encompassing evaluation of the township’s budget and revenue streams. Starting in March, the process has involved interviews with departmental figureheads and various municipal boards, all aimed at constructing a tailor-made plan. Anticipation builds for a preliminary report that promises to shed light on potential fiscal routes, potentially highlighting avenues for efficiency gains and revenue optimization.
