Jody Tow
0:50 - 1:24
“Next year's expenses are 5% higher than last year's, and some of the reasons for this is an increase to vehicle replacement costs, 500 or 5% health insurance increase. And I just want to remind the assembly, our health insurance is about $1.8 million a year that we pay, and that includes the employee side and the borough side. So 5% of that is about $90,000.”
- Speaker
- Jody Tow
- Timestamp
- 0:50 – 1:24
- Transcript
- Assembly Meeting
- Community
- Alaska News
- Captured at
- April 30, 2026
From the transcript
So let's just get right to it. So the general fund is balanced. Next year's expenses are 5% higher than last year's, and some of the reasons for this is an increase to vehicle replacement costs, 500 or 5% health insurance increase. And I just want to remind the assembly, our health insurance is about $1.8 million a year that we pay, and that includes the employee side and the borough side. So 5% of that is about $90,000.
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.
