Oxford Borough Receives $52,500 Boost Through Strategic Management Planning Program

Pennsylvania Department of Community and Economic Development

OXFORD, PA — Department of Community and Economic Development (DCED) Acting Secretary Rick Siger announced the recent approval of $52,500 through the Strategic Management Planning Program (STMP) to Oxford Borough, Chester County, to help develop strategies to strengthen their financial capacity and stabilize the tax base.  

The STMP funds will be used to hire an independent financial consultant who will conduct a review of borough finances, management and operations, and prepare a five-year Strategic Management Plan. This assessment will help the borough understand their financial vulnerabilities, administrative inefficiencies, and resource deficiencies. The plan will also outline short- and long-term financial, managerial, and economic development strategies.

“Governor Shapiro is committed to making Pennsylvania’s communities better places to live and work,” said Acting Secretary Siger. “The STMP is an important tool in our efforts to create fiscal strength for a municipality. Increased funding for programs like this one will help even more communities across the Commonwealth build sound financial management strategies and successfully avoid financial distress.”

The STMP provides matching grant funds to assist municipalities experiencing fiscal difficulties to develop comprehensive multi-year financial plans and establish short- and long-term financial objectives.

To learn more about the STMP or DCED, visit the agency’s website,

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

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