Jody Tow
13:51 - 14:18
“Service Area 1, of course, will have the area-wide mill rates included in there, and then we'll have the Service Area 1 mill rate for operations of the things that area-wide doesn't pay for, like the police and things like that. And then we have our— Service Area 1 has debt service of 0.3%. $3.6 Mils to finish off paying for the aquatic center and the library.”
- Speaker
- Jody Tow
- Timestamp
- 13:51 – 14:18
- Transcript
- Assembly Meeting
- Community
- Alaska News
- Captured at
- April 30, 2026
From the transcript
Service Area 1, of course, will have the area-wide mill rates included in there, and then we'll have the Service Area 1 mill rate for operations of the things that area-wide doesn't pay for, like the police and things like that. And then we have our— Service Area 1 has debt service of 0.3%. $3.6 Mils to finish off paying for the aquatic center and the library.
Related Coverage
Petersburg sees early revenue gains after senior sales tax exemption removal
Petersburg gained 26000 dollars in January and 22000 dollars in February sales tax revenue after removing a senior exemption. • The borough removed the exemption to balance its budget without drawing reserves. • The assembly will consider raising the 1200 dollar sales tax cap in May, the lowest in Southeast Alaska. • Voters must approve any cap increase. Final budget approval is June 1.
Petersburg proposes area-wide property tax to balance FY27 budget
Petersburg adds 1.71 mills to property taxes to cover 5% budget increase. • Health insurance costs rise $90,000, plus vehicle replacement and wage raises. • Marine passenger fee increases from $5 to $8 per head starting January 2027. • Final budget vote scheduled for June 1.
