
Speaker B
26:04 - 26:22
"In 2025, businesses exempted over $25 million in sales due to hitting the $1,200 sales tax cap."
“In 2025, businesses exempted over $25 million in sales due to hitting the $1,200 sales tax cap.”
This is, this is, it's coming. There's a lot of things happening. Yeah. So I just— I'm digressing a little bit from the budget, but I just wanted to add this. In 2025, businesses exempted over $25 million in sales due to hitting the $1,200 sales tax cap.
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.
