Each year Conway Council has the responsibility to enact a balanced budget. The budget summarizes the revenues and expenditures the Borough expects to encounter during the course of the coming fiscal year.
Through significant analysis of the borough finances and prioritization of needs and projects, the 2014 Budget increases expenditures for the repair of water and sewage line, as well as the Police dept., with no increase in taxes.
In the fall of each year, the Council Finance and Administration meets, along with other members of council and the department supervisors, to prepare the next year's budget. The budget is broken up by revenue and expenditures which make up the total available monies for the coming year.
The Borough's main revenues come from real estate taxes, wage taxes, license and permit fees, fines, interest, and state shared revenue, as well as other miscellaneous fees.
Budget expenditures are broken up by department and include all expenses, including purchases, salaries, and insurance.