Guided by a professional financial management team, Tobyhanna Township operates with an overall combined annual operating and investment management budget in excess of $9 million. In 2017, Township officials were proud to become debt free. While eliminating its debt, Tobyhanna Township continues to support a solid fiscal structure in providing a superior level of services to residents, property owners, and visitors alike.
As proud member of the Pocono Mountain Regional Police Department, Tobyhanna Township funds nearly $2 million annually toward the operation of this Fully Accredited Pennsylvania Law Enforcement Agency. In addition, the township has a pension program that is approximately 130% funded. Over $1.5 million annually is allocated to maintain over 52 miles of municipal-owned roadways throughout the township villages. Additionally, Tobyhanna Township provides nearly $300,000 annually for Fire and Emergency Medical Services as a Pocono Plateau municipality. Tobyhanna Township continues to put forth fiscally responsible and forward looking annual balanced budgets.
Property taxes are the primary source of revenue for Tobyhanna Township. The millage rate represents the tax dollars collected per every $1,000 of assessed value. Tobyhanna Township has a current rate of 15.19 mills. Thus, property owners pay $15.19 per every $1,000 of their assessed value. Only 13.74 mills of the 15.19 tax rate are dedicated to Township functions. A fire equipment and apparatus fund has been established to provide for purchase of related articles. The source of revenue of this fund is .70 of the 15.19 millage rate. In addition to this fund, a tax levy of .75 mills was added for the purpose of generating revenue for Clymer Library. This levy was added after voters approved a 1994 referendum.
In addition to property taxes, the Township also collects a 1% Earned Income Tax and Local Services Tax in the amount of Fifty-Two Dollars ($52.00). Other sources of revenue include permit fees, fines, intergovernmental transfers, interest and retained earnings from prior years.