
Speaker B
5:45 - 6:11
"Property tax is at the 10 mil cap for operations this year for Service Area 1. Of course, inflation and increased labor costs, union negotiations. I— we might approve this budget and then have to come back to you for a supplemental based on what happens in union negotiations."
“Property tax is at the 10 mil cap for operations this year for Service Area 1. Of course, inflation and increased labor costs, union negotiations. I— we might approve this budget and then have to come back to you for a supplemental based on what happens in union negotiations.”
All sales tax exemption changes must be voted on by the public, which slows things down. Property tax is at the 10 mil cap for operations this year for Service Area 1. Of course, inflation and increased labor costs, union negotiations. I— we might approve this budget and then have to come back to you for a supplemental based on what happens in union negotiations. We just don't know.
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.
