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.
Exploring New Financial Avenues
Falls Township in Pennsylvania is proactively responding to the eventual exhaustion of its significant revenue stream from Waste Management’s host community fees, which contribute roughly $18 million to its budget annually. With the local landfill nearing capacity, financial stability is at risk. In response, township officials have proactively engaged PFM Group Consulting, LLC, recognized experts in municipal finance, to review their fiscal situation. Since March, PFM has been rigorously assessing the township’s finances, including consulting with key department heads and municipal boards. This comprehensive analysis is set to provide strategic insights through a forthcoming preliminary report. It is anticipated to offer recommendations for enhancing financial efficiency and identifying new sources of revenue, as Falls Township prepares to adapt to its evolving economic landscape.
