
Speaker B
11:07 - 11:26
"There'll be a recommendation from the borough to have that raise that cap on."
“There'll be a recommendation from the borough to have that raise that cap on.”
But however, without that exemption, they're going to hit the cap exemption. $1,200, So that might— some of that might just move over to that exemption. So it's not a direct correlation. There'll be a recommendation from the borough to have that raise that cap on. Yeah, and I have some slides on that.
Petersburg Borough reported Thursday that sales tax collections increased by $26,000 in January and $22,000 in February compared to the prior year, two months after removing the senior citizen sales tax exemption, though the full revenue impact remains unclear as some purchases may now use the general $1,200 cap exemption.

The Petersburg Borough Assembly reviewed a proposed fiscal year 2027 budget Thursday that would add an area-wide operations mill rate, raising property taxes for all borough property owners to help cover a 5% increase in expenses.
