By Josh McKnight | The McKnight Team Lower Merion School District is proposing a 3.5% property tax increase for the 2026-2027 school year. That is the maximum allowed under Pennsylvania’s Act 1 Index. For a median-assessed home at $250,680, the tax bill would climb from $8,841 to $9,150. An extra $309 a year. The district is closing a budget gap of just over $9.5 million, with the school board...
PECO just blinked. Pennsylvania's largest utility company, which serves 1.7 million customers across southeastern Pennsylvania, had been seeking a 12.5% increase in residential electric rates and an 11.4% increase for residential natural gas customers. Under pressure from Governor Josh Shapiro and state legislators, PECO announced it is withdrawing both requests. The pullback is good news for homeowners...
SEPTA just dropped its plan for a 528-space parking garage near Conshohocken Station and replaced it with something very different. A 300-unit apartment building. Philadelphia developer Alterra is set to lease the land for 99 years at $600,000 a year, with rent climbing 3% annually. Total value of the deal: about $330 million. For anyone watching the Conshohocken real estate market, this is a meaningful...
Two large apartment proposals in Newtown Borough could change the housing picture in this part of Bucks County in a way the borough has not seen in decades. Local developer Jim Worthington is behind both. The first, called Liberty Centre, would bring 125 luxury apartments to an eight-acre site along Newtown Creek behind South Street. The second proposal calls for 308 units in two four-story buildings at...
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