Jody Tow
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.”
- Speaker
- Jody Tow
- Timestamp
- 0:00 – 0:35
- Transcript
- Assembly Meeting
- Community
- Alaska News
- Captured at
- April 30, 2026
From the transcript
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.
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.
