Newtown Township unveiled a draft budget for 2014 during a presentation Tuesday.
The proposed budget, presented by Township Manager Kurt Ferguson, retains the current millage rate at 2.5 mills. It includes $11.43 million in expenditures and keeps staffing at current levels.
If the budget is approved as presented, the township would have a fund balance of $1.63 million in 2014.
The largest expenditure is salaries and wages, which makes up nearly 35 percent of the budget proposal.
The proposed budget allocates $3.94 million for salaries and wages. That doesn’t include the fire chief salary, which is paid for from the Fire Protection Fund.
The budget draft estimates the township will pay $1.3 million for employee health insurance. Pension and deferred compensation is estimated to cost $795,000 and township insurance is estimated to be $490,900.
Township Board of Supervisors chairman Mike Gallagher said the budget will be continue to be discussed over the next several meetings.