
Speaker B
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."
“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.”
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.
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.
