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Warrington May Borrow For Open Space

The Warrington Township Supervisors are looking at borrowing up to $3 million to preserve open space and improve existing parks and trails.

Chairman John Paul says the budget has been tight for a few years and park maintenance has been a problem.  He also says now should be a good time to buy land before the housing market recovers and new construction starts, pushing up the price.

A question on the November 6 ballot will ask the voters to approve the borrowing through a bond issue.  If they do it will cost the average homeowner about $27 a year over 20 years.

Warrington still has about $350,000 in Bucks County open space funds that must be used in the next year or so, and the township money would help it stretch much farther.
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