Local News

Draft borough budget released

Petersburg’s first borough budget is up for review. The assembly is meeting in a couple of work sessions this week to go over the draft spending plan for next year.The plan includes a balanced general fund for third year in a row. That’s part of the budget is mainly supported by property and sales tax. Enterprise funds, like the harbor, power and light, water, wastewater and sanitation, generate most of their income through usage fees. The General Fund covers borough departments that can’t generate bring in enough money to pay for themselves like emergency services, the library, school funding, parks and recreation and public works. General fund revenues and expenditures and revenues total just under nine-point-4 million dollars. That’s up a little over three percent from this year.

Borough Manager Steve Giesbrecht calls this a status quo budget with no cuts or additions to staff or service. Matt Lichtenstein spoke with Giesbrect and Finance Director Jody Tow on Friday:
For mobile-friendly, downloadable audio, click here.

The Petersburg Borough Assembly is holding two work sessions to review the draft budget in detail this week. One was Monday. The other will be at noon on Friday in the assembly chambers. It won’t come up for a vote at least until the assembly’s first regular meeting in May and passage will require three readings.

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