
Speaker B
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."
“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.”
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.
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.
