
Speaker B
0:00 - 0:35
"We are going to have a few new slides. I'm going to talk about senior sales tax a little bit and how that's looking with the removal of the exemption."
“We are going to have a few new slides. I'm going to talk about senior sales tax a little bit and how that's looking with the removal of the exemption.”
We'll all listen here. Okay, I'm just gonna do a little overview of our fiscal year '27 budget, and if anyone has any questions, just chime in, or if department heads, if you have anything you want to say that you think I might be skipping over that you think they should know, please just interrupt me. We're going to go through the general fund first, like always, and then talk about borrowed debts and school funding. We are going to have a few new slides. I'm going to talk about senior sales tax a little bit and how that's looking with the removal of the exemption.
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.
